Income - Money received by a person, Child Benefit - Payment made to parents/guardians of children, Pension - It is paid to people who have retired, Regular Income - Money received on a regular basis, Irregualr Income - Money received at random times. eg overtime, Benefit in Kind - Non-money income such as company car, Salary - Fixed payment to an employee no matter how many hours they work, Wages - Payment received for work done. Normally per hours worked., Overtime - When an employee works over their normal working hours, Piece Rate - Income based on number of pieces created. Eg carpenter making chairs, Basic Pay - Amount earned before any extra payments, Gross Pay - Total pay before deductions, Net Pay - Amount left after paying all deductions, Statutory Deductions - The deductions which are compulsory and must be paid, Voluntary Deductions - Deductions we choose to pay such as savings, Essential - Expenses we can not live without such as rent, NonEssential - Expenses we do not need such as Netflix, Pay As You Earn - A type of deduction we must pay, Social Insurance - PRSI stands for Pay Related...., Government - Who receives the tax we pay on income?, Double Pay - Twice an employee's normal rate of pay,

Household Income crossword

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