Chapter 1 - Household Income Flashcards
1
Q
Income
A
The money received by a household
2
Q
Regular income
A
Income received every month or every week e.g wages
3
Q
Irregular income
A
Income received every now and again e.g overtime
4
Q
Benefit in kind
A
A non-cash form of income e.g company car
5
Q
Overtime
A
The extra hours a person works in a day after they have completed their normal working time
6
Q
Child benefit
A
Monthly payments to the parents or guardians of children while they are in education.
7
Q
Grant
A
Payment made to students while they are studying at college
8
Q
Jobseekers benefit
A
Weekly payment made to unemployed people while
