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Income/Expenditures

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
income   show
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regular income   show
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show income received now and again such as overtime pay  
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regular income - employed person   show
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irregular income - employed person   show
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regular income - unemployed person   show
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show lottery winnings, casual working  
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show pension and free travel  
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irregular income - retired person   show
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regular income - student   show
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show presents, casual work  
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benefit in kind   show
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overtime   show
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show monthly payment by the Government to parents/guardians of kids under the age of 18  
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grant   show
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unemployed benefit   show
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show refers to the money the customer spends during a particular period of time  
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fixed expenditure   show
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show items where cost does change according to use, which may be paid regularly but the amount differs (for example, groceries, diesel, light and heat)  
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impulse buying   show
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opportunity cost   show
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show "I have €1. I have the choice of buying an apple or a bar of chocolate. I pick the apple so the opportunity cost is the chocolate bar."  
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mortgage   show
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budget   show
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show what you get when you add the total income and total expenditure together  
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show refers to goods not manufactured by a well-known producer  
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show refers to "when your planned income is greater than your planned expenditure"  
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budget deficit   show
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balanced budget   show
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Created by: StephenEmmett
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