List three sources of household income:
(i)
(ii)
(iii) - Leaving Cert Business - Question 12 - 2011
Question 12
List three sources of household income:
(i)
(ii)
(iii)
Worked Solution & Example Answer:List three sources of household income:
(i)
(ii)
(iii) - Leaving Cert Business - Question 12 - 2011
Step 1
(i) Wages/Salary/Overtime/Bonus
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Answer
This category encompasses all forms of earnings received from employment, including regular wages, overtime pay for extra hours worked, and any bonuses that may be awarded for performance.
Step 2
(ii) Social Welfare / Unemployment / Jobseeker's Benefit / State Pension
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Answer
These are governmental financial aids provided to individuals in need, including those who are unemployed and seeking jobs, as well as pensions provided to retirees.
Step 3
(iii) Child benefit
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Answer
Child benefit refers to payments made by the government to support families in nurturing their children, helping to alleviate financial pressures on households.
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