Who wants to be a millionaire income and expenditure and budgeting

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  • Who wants to be a millionaire income and expenditure and budgeting

    1. 1. Ms O Brien Chanel College
    2. 2. 3 lifelines: •50/50 – yourteacher 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
    3. 3. Which one of the following is an example of Irregular Income?A. Wages B. Electricity BillsC. A Holiday D. Lotto win Ms O Brien Chanel College L W
    4. 4. Ms O Brien Chanel College
    5. 5. What do the letters PRSI stand for?A. Pay right Social Insurance B. Pay Related Sunday InsuranceC. Pay Related Social Insurance D. Price Related Social Insurance Ms O Brien Chanel College L W
    6. 6. Ms O Brien Chanel College
    7. 7. What is PAYE?A. A form of Tax B. A form of InsuranceC. A form of Child Benefit D. A Voluntary deduction Ms O Brien Chanel College L W
    8. 8. Ms O Brien Chanel College
    9. 9. Which of the following is an Involuntary deduction from Gross wagesA. Savings B. Trade Union FeesC. Commission D. PAYE Ms O Brien Chanel College L W
    10. 10. Ms O Brien Chanel College
    11. 11. You have €10. You can buy a cinema ticket or a football ticket. You choose the cinema ticket. What is the Opportunity CostA. The Football Match B. €10C. The Cinema Ticket D. The Financial Cost Ms O Brien Chanel College L W
    12. 12. Ms O Brien Chanel College
    13. 13. An unemployed person is entitled to which of the following?A. Social Welfare Benefit B. A pensionC. Commission D. Nothing Ms O Brien Chanel College L W
    14. 14. Ms O Brien Chanel College
    15. 15. What term is used to describe buying without planning?A. False Economy B. Impulse BuyingC. Opportunity Cost D. Bad Budgeting Ms O Brien Chanel College L W
    16. 16. Ms O Brien Chanel College
    17. 17. 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. .50cC. €5 D. €200 Ms O Brien Chanel College L W
    18. 18. Ms O Brien Chanel College
    19. 19. Which of the following are examples of Current Expenditure?A. A Washing Machine B. A TVC. A Fridge D. Newspaper Ms O Brien Chanel College L W
    20. 20. Ms O Brien Chanel College
    21. 21. The amount due on an ESB bill is €50 plus 13.5%?A. €43.25 B. €6.75C. €63.50 D. €56.75 Ms O Brien Chanel College L W
    22. 22. Ms O Brien Chanel College
    23. 23. In a household budget Total Income – Total Expenditure is?A. Closing Cash B. Net CashC. Opening Cash D. Surplus Ms O Brien Chanel College L W
    24. 24. Ms O Brien Chanel College
    25. 25. What word is used to describe when you have money left over at the end of the month?A. Subtotal B. Net CashC. A Surplus D. A Deficit Ms O Brien Chanel College L W
    26. 26. Ms O Brien Chanel College
    27. 27. What is the money you have at the start of the month called?A. Income B. Closing CashC. Net Cash D. Opening Cash Ms O Brien Chanel College L W
    28. 28. Ms O Brien Chanel College
    29. 29. 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. €30C. €15 D. €10 Ms O Brien Chanel College L W
    30. 30. Ms O Brien Chanel College
    31. 31. False economy isA. An economist lying about the economy B. Going into debtC. Spending money on something which D. Spending money on something expensive when appears to save money but over a longer you should have bought the cheaper alternative period of time costs more money item Ms O Brien Chanel College L W
    32. 32. Congratulations!Thank you for playing… Ms O Brien Chanel College
    33. 33. Incorrect! Try again… Ms O Brien Chanel College

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