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What is Family Income Supplement (FIS)? A weekly payment for families (including lone parents) where the earner is in low paid employment - Leaving Cert Home Economics - Question 10 - 2011
Question 10
What is Family Income Supplement (FIS)? A weekly payment for families (including lone parents) where the earner is in low paid employment. F.I.S. payment is 60% of ... show full transcript
Worked Solution & Example Answer:What is Family Income Supplement (FIS)? A weekly payment for families (including lone parents) where the earner is in low paid employment - Leaving Cert Home Economics - Question 10 - 2011
Step 1
What is Family Income Supplement (FIS)?
Answer
Family Income Supplement (FIS) is a financial assistance program aimed at supporting low-income families, including lone parents, engaged in paid employment. This supplement acts as a weekly payment that helps bridge the gap between their earnings and the required income limits set for the family size. The amount received is calculated as 60% of the difference between the family’s net income and the established income limit.
Step 2