Educate c

• Authorised share capital is the amount of capital a company has. Issued share capital is the total of the number of shares allocated to shareholders.
• PAYE

  Pay as you earn. This is the main income tax in Ireland. The more you earn the more you pay.
• Commission

  This is a method of payment for sales people where they receive a percentage of their sales in addition to a basic wage.
• A shop steward is the worker who has been elected by the union members to represent them in the workplace. They are the first point of contact for a union member who has

  a problem at work. They pass on union information to union members. They represent union members in talks with management. They help resolve industrial relations issues in the workplace.
• Trade union aims

  • To increase members’ pay
  • To improve members’ working conditions
  • To protect members’ jobs
• Paypath advantages

  • It is safer than a pay packet into her hands that may be lost or subject to theft.

  • It is more convenient as it saves her having to go to the bank to lodge the money.
• To Improve financial position stock levels can be reduces