Types Of Income
Define income
•It is the money people earn or receive to meet their needs and wants.
What are the three ways you can lodge a complaint?
1. Person to Person
2. By letter
3. By telephone
True or False : Everyone who works pay PAYE.
False.
What are the two types of advertisement?
Persuasive and Informative
Define consumer
A consumer is someone who uses goods and services.
Define fixed income
is that which is the same every week, irrespective of the number of hours worked.
Why do Consumers lodge a complain?
The goods are not of merchantable quality/ The goods do not fit the purpose/The goods do not fit the description/ The goods ordered do not match the sample already inspected by the buyer
Who gets to pay the PAYE tax?
The person who earns more than $30,000
Differentiate between the two types of advertisement
How many Consumer Rights did we learn?
Nine
Define variable income
Is that which changes depending on the number of hours worked.
What are the two national laws?
Civil Law and Criminal Law
What is the long form for PAYE?
Pay As You Earn
Which Consumer right is this - Protection from harmful products.
Right to Safety
How many Consumer Responsibilities did we learn?
Five
Describe irregular income
Comes from work undertaken on an intermittent basis for example from agricultural produce.
Which organization protects the rights and interests of consumers by promoting a fair and just delivery of goods and services.
The Consumer Council of Fiji
How much percent does your employer (boss) deduct to your FNPF account every pay?
10 percent
Which Consumer Right is this -The ability to seek refunds or replacements.
The Right to Redress
Name four Consumer Rights
The Right to Basic Needs/The Right to Safety/ The Right to Information/The Right to make a Choice/The Right to Representation/ The Right to Redress/ The Right to Consumer Education/ The Right to a Healthy Environment/ The Right to Service
Explain disposable income in your own words
is the amount of money that a person or household have available for spending and saving after income taxes (PAYE) and FNPF have been deducted.
Desribe one of the roles of the Consumer Council of Fiji
Protects the rights and interests of consumers/
Protects the vulnerable groups such as rural poor, physically and mentally challenged, children and women/.
One of its daily role is to receive consumer complaints
The council regularly advocates for consumer rights using the media, public forums, lobbying of government ministries and other means.
What percentage of your pay gets deducted to FNPF?
8 percent
Describe a situation where you can exercise your Consumer Right and what is the number you can call to reach the Consumer Council of Fiji
155
Name the five Consumer Responsibilities
The Responsibility of Critical Awareness
The Responsibility of Action
The Responsibility of Social Concern
The Responsibility of Environmental Awareness
The Responsibility of Solidarity