Q4 Conor is paid €16.50 per hour for his work in a supermarket. His sister Orla earns €38,000 a year as a lab technician, paid in equal monthly instalments.


Identify which person earns a wage and which earns a salary, and explain the difference between the two.


Who is paid a wage? Who is paid a salary? Explain the difference between them:


Q5 Marek sells solar panels for a business in Limerick. He earns a basic salary. Whenever he makes a sale, he earns 5% of the value of the sale. Last month he also received a one-off payment for reaching his yearly sales target.


(i) Circle the term below that describes the 5% Marek earns on the value of his sales. Commission Overtime


Child Benefit


(ii) Name the one-off payment Marek received for reaching his target, and explain whether it is a regular or an irregular source of income.


Payment: Explanation: Circle one: Regular or irregular


Q6 Lena works for a tech business in Dublin. As well as her salary, she receives free use of a company car.


Explain how the free use of a company car is a benefit-in-kind for Lena.


Q7 Hannah won €500 in a local raffle. Circle whether this is a typical or a non-typical source of household income, and give a reason for your answer.


Typical or Non-Typical Reason:


11


STRAND 1


CHAPTER 2: Household income and expenditure


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