Chapter 1 - Household Income Flashcards
0
Q
What is regular income?
A
Income received at regular intervals i.e. every week or month e.g. wages.
1
Q
What is income?
A
The money received by household.
2
Q
What is irregular income?
A
The income that is received now and again e.g. presents.
3
Q
What is benefit in kind?
A
A non cash form of income e.g. company car.
4
Q
What is overtime?
A
The extra hours a person a works in a day after they have completed their normal working hours.
5
Q
What is child benefit?
A
A payment made every month to parents/guardians for children who are still in education (up to 19 years of age).
6
Q
What is a grant?
A
A payment made to some students while they are studying a college.
7
Q
What is job seekers benefit?
A
A weekly payment to unemployed people.
