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Ms O Brien Chanel College
Ms O Brien Chanel College
3 lifelines:
•50/50 – your teacher will tell you
which two are available
•Phone a friend – choose one person in the audience to
ask
•Audience – hand up for A/B/C/D
Ms O Brien Chanel College
Which one of the following is an example of Irregular Income?
A. Wages A. Electricity Bills
A. A Holiday A. Lotto win
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Ms O Brien Chanel College
Ms O Brien Chanel College
What do the letters PRSI stand for?
A. Pay right Social Insurance A. Pay Related Sunday Insurance
A. Pay Related Social Insurance A. Price Related Social Insurance
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Ms O Brien Chanel College
Ms O Brien Chanel College
What is PAYE?
A. A form of Tax A. A form of Insurance
A. A form of Child Benefit A. A Voluntary deduction
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Ms O Brien Chanel College
Ms O Brien Chanel College
Which of the following is an Involuntary deduction from Gross wages
A. Savings A. Trade Union Fees
A. PAYEA. Commission
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Ms O Brien Chanel College
Ms O Brien Chanel College
You have €10. You can buy a cinema ticket or a football ticket. You choose the cinema ticket. What is the
Opportunity Cost
A. The Football Match A. €10
A. The Cinema Ticket A. The Financial Cost
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Ms O Brien Chanel College
Ms O Brien Chanel College
An unemployed person is entitled to which of the following?
A. Social Welfare Benefit A. A pension
A. Commission A. Nothing
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Ms O Brien Chanel College
Ms O Brien Chanel College
What term is used to describe buying without planning?
A. False Economy A. Impulse Buying
A. Opportunity Cost A. Bad Budgeting
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Ms O Brien Chanel College
Ms O Brien Chanel College
Shane sold 20 t-shirts at a cost of €10 each. He is entitled to 5% commission on each t shirt sold. How much will he
receive in total?
A. €10 A. .50c
A. €5 A. €200
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Ms O Brien Chanel College
Ms O Brien Chanel College
Which of the following are examples of Current Expenditure?
A. A Washing Machine A. A TV
A. A Fridge A. Newspaper
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Ms O Brien Chanel College
Ms O Brien Chanel College
The amount due on an ESB bill is €50 plus 13.5%?
A. €43.25 A. €6.75
A. €63.50 A. €56.75
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Ms O Brien Chanel College
Ms O Brien Chanel College
In a household budget Total Income – Total Expenditure is?
A. Closing Cash A. Net Cash
A. Opening Cash A. Surplus
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Ms O Brien Chanel College
Ms O Brien Chanel College
What word is used to describe when you have money left over at the end of the month?
A. Subtotal A. Net Cash
C. A Surplus A. A Deficit
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Ms O Brien Chanel College
Ms O Brien Chanel College
What is the money you have at the start of the month called?
A. Income A. Closing Cash
A. Net Cash A. Opening Cash
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Ms O Brien Chanel College
Ms O Brien Chanel College
Mary earns €10 per hour. If she works two hours overtime on time and a half how much will she receive in total for
those two hours?
A. €5 A. €30
A. €15 A. €10
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Ms O Brien Chanel College
Ms O Brien Chanel College
What is the name of the tax deducted from ones wages called?
A. PRSI A. DIRT
A. PAYE A. VHI
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Ms O Brien Chanel College
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Ms O Brien Chanel College
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