Key Things To Know From Income And Expenditure Flashcards
What is an example of Benefit-in-kind?
An example of benefit-in-kind is a company car or company phone
What is benefit-in-kind?
Benefit-in-kind is a non-cash form of income
What is overtime ?
The extra hours someone works in a day after they have completed their normal working day.
What is child benefit ?
Child benefit is a payment made every month to the parents or guardians of children who are still in education.
Who is child benefit paid by?
Child benefit is paid by the Department of Social Protection.
What is grant ?
Grant is a payment made to students while they are studying in college.
Who is grant paid by ?
Grant is paid by the Department of Education and Skills .
What is jobseekers benefit ?
Jobseekers benefit a weekly payment made to unemployed people.
Who is jobseekers benefit paid by ?
Jobseekers benefit is paid by the Department of Social Protection.
What is impulse buying ?
Impulse buying is buying on the spur of the moment without thinking of the consequences
What is the opportunity cost ?
Opportunity cost is when we have the choice between more than one item and the item(s) we did not choose would be the opportunity cost.
What is Mortgage?
Mortgage is a loan from a bank or building society to help someone buy a house .
