Finances and Budgeting (Junior Cert Home Economics): Quizzes
📚Quizzes
Practise the questions
13 questions from this quiz
ShowHide
Practise the questions
13 questions from this quiz
What is the main difference between wages and salaries?
What is the main difference between wages and salaries?
Wages are weekly, salaries monthly/fortnightly
How much is Jobseeker's Allowance per week for someone aged 20?
How much is Jobseeker's Allowance per week for someone aged 20?
€112.70
What is gross income?
What is gross income?
Total pay before deductions
What is another name for net income?
What is another name for net income?
Take-home pay
Which type of deduction MUST be paid?
Which type of deduction MUST be paid?
Statutory deductions
What does PAYE fund?
What does PAYE fund?
Public services like schools & hospitals
What does PRSI stand for?
What does PRSI stand for?
Pay Related Social Insurance
Why was the Universal Social Charge (USC) introduced?
Why was the Universal Social Charge (USC) introduced?
To help the economy recover
Which of these is a voluntary deduction?
Which of these is a voluntary deduction?
Health insurance
What is an essential expense?
What is an essential expense?
A need that must be paid for
Which is an example of a non-essential expense?
Which is an example of a non-essential expense?
Family holidays
When is a car considered a need rather than a want?
When is a car considered a need rather than a want?
In a rural area with no buses
Which are examples of household expenses?
Which are examples of household expenses?
Electricity, heating, water, waste disposal