Income and Expenditure (Junior Cert Business Studies): Flashcards

Money received by an individual or household

Income at predictable intervals (weekly, fortnightly, monthly)

Income arriving unpredictably in varying amounts

Payment for work performed

Monetary awards that don't require repayment

Supports unemployed individuals actively seeking work

Income for people aged 66+ who have retired from work

Monthly payment to parents/guardians for children under 16 (or 18 if in education)

Compensation for working hours beyond normal schedule

Payment rewarding good performance or reaching targets

Borrowed money from banks; must be repaid with interest

Share of company profits paid to shareholders

Reward for saving money with financial institutions

Non-monetary compensation (goods/services) instead of cash

Money/valuable items received when family/friends pass away