who wants to be a millionaire income and expenditure and budgeting
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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 B. Electricity Bills
C. A Holiday D. 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 B. Pay Related Sunday Insurance
C. Pay Related Social Insurance D. 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 B. A form of Insurance
C. A form of Child Benefit D. 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 B. Trade Union Fees
D. PAYEC. 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 B. €10
C. The Cinema Ticket D. 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 B. A pension
C. Commission D. 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 B. Impulse Buying
C. Opportunity Cost D. 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 B. .50c
C. €5 D. €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 B. A TV
C. A Fridge D. 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 B. €6.75
C. €63.50 D. €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 B. Net Cash
C. Opening Cash D. 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 B. Net Cash
C. A Surplus D. 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 B. Closing Cash
C. Net Cash D. 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 B. €30
C. €15 D. €10
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Ms O Brien Chanel College
Ms O Brien Chanel College
False economy is
A. An economist lying about the economy B. Going into debt
C. Spending money on something which appears to save money but over a longer period of time costs more money
D. Spending money on something expensive when you should have bought the cheaper alternative item
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Ms O Brien Chanel College
Congratulations!Thank you for playing…
Ms O Brien Chanel College
Incorrect!Try again…