EXAM CORNERINTRO ACTIVITY


2023 Q1 (ii) List three typical sources of household income.


1. Wages/Salary/Commission 2. Jobseeker’s Allowance 3. Child Benefit 4. Interest on savings


For a question similar to the one above, ‘Wages/Salary/Overtime’ are all ways to get paid as an employee, so only one of these would be accepted as typical sources of household income - don’t write three different types of pay.


TOP TIP 2025 Q6


Indicate with a tick (✔) in the table below which sources of income are regular and which are irregular.


Source of Income Basic Wage


Child Benefit Bonus


Regular Irregular ✔


✔ ✔


The question also says ‘typical’ so a lotto win would not be allowed as it is not something a household would typically receive!


CLASS ACTIVITYINTRO ACTIVITY


Key Skill: Identify typical/non-typical or regular/irregular sources of income. A) Answer true or false for each statement below, and give a reason for your answer. A person on a salary receives more income when they work longer hours one week A bonus is a regular source of income A person on a wage receives more income when they work longer hours one week A pension is a regular source of income


B) (i) Match the typical source of income to the person from the options below. Person


1. Student


2. Employed Person 3. Unemployed Person 4. Retired Person


Income A. Salary


B. State pension C. SUSI grant


D. Jobseeker’s Allowance (ii) Identify one more typical source of income for each person listed in the table above.


C) Identify which sources of income are regular and which are irregular, from the list below:


(i) Commission (ii) Pension (iii) Salary (iv) Overtime 13


STRAND 1


CHAPTER 2: Household income and expenditure


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