Keywords and concepts for Junior Cycle Income
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| What is Income? | Is money you receive
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| What is Benefit in Kind? | Is non-income money you receive, e.g. Company Car, mobile phone
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| What is Regular Income? | Is what you are sure of receiving, you can plan to spend it. E.g. Wages
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| What is Additional Income? | Is what you are not sure you will receive.
You cannot plan to spend it. E.g. Bonus
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| What is Pocket Money? | A small weekly sum of money given to children as an allowance.
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| What is Wages? | Is regular income for hours worked or number of goods produced.
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| What is a Tax Refund? | Money back from the government when too much tax has been paid.
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| What is Family Income Support (FIS)? | Income supplement received by families on a low income.
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| What is Child Benefit? | Regular income received once a month from the government if you have children under the age of 16.
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| Who do you receive Inheritance from? | A relative or a friend
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Created by:
Imeldas Accounting
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