Employment (Junior Cert Business Studies): Flashcards

Work carried out in exchange for payment

Employee (for someone) & self-employed (for yourself)

Someone who works for another person/organisation for pay

Person/organisation that pays employee for their work

Wage deductions collected by govt for public services

Working for yourself rather than for an employer

Regular wages/salaries at set intervals (weekly/monthly)

Steady income through regular wages or salaries

Health insurance coverage or company cars

Be own boss, make all business decisions independently

Keep all profits generated by the business

May face financial losses if business fails

PAYE, PRSI, and USC

Deliver services, produce goods, increase profits

Reduces expenditure on social welfare payments