Wage slips

Gross Pay is

• basic pay, plus any additional payments like overtime, comission

• basic pay minus tax and deducations

• None of the above

PRSI stands for

• Pay related to social insurance

• Pay related to social income

• Paid rate social income

• None of the above

A salary is paid

• monthly and is fixed payment

• weekly depending on hours you work

Which of these is fixed expenditure

• Rent

• Petrol

• Sweets

• Electricity

Which of these is discretionary expenditure

• electricity

• heating

• petrol

• mars bar

I want to buy an apple and a bar of chocolate but cannot afford both. I buy the apple. The opportunity cost is

• the money i spent on the apple

• the apple

• the bar of chocolate

• None of above

True of false: a credit union is same as a bank

• True

• False

ATM stands for

• Automatic Teller Machine

• Automated Teller Machine

• Automated Teller Money

• None of the above

How much is child-benefit payment in Ireland

• €180

• €160

• €150

• €240

which of these is not a benefit-in kind

• use of phone

• car

• wages

• discounts