Directions: Read and understand the questions below. Write your answer on separate sheet of paper.
1. What are the sources of family income?
2. What are the types of family income? Give examples
3. How important it is having an income in the family?
4. Why is there a need to spend family income wisely?
1. What are the sources of family income?
2. What are the types of family income? Give examples
3. How important it is having an income in the family?
4. Why is there a need to spend family income wisely?
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Answer:
1. salary earned for services rendered, bonuses, commissions, or honoria given by an employer to employees, profit earned from business, rentals from owned properties, dividends from stock holdings.
2. (there's three types of family income)
A. Money income (salary, wages, rent, interest, projects, sick benefits, pensions, gift, dividends, securities, royalties, etc.)
B. Real Income (inherited land property, food furnished by the kitchen garden, dairy/poultry farming, goods and commodities owned by family, kneading, tailoring and activities carried out in home, knowledge and services, community facilities, etc.)
C. psychic income (prestige, leisure or pleasant surrounding)
3. we need to have sources of income for us to get the needs and wants of the family.
4. family income must used wisely to meet all the needs of the family.
Explanation:
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