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GRADE 6 H.E VI_SOURCES OF FAMILY INCOME

The document explains the concept of family income, which is the total income earned by all household members, and categorizes it into regular and irregular income. Regular income includes wages, pensions, short-time work support, fees from services, and rent, while irregular income consists of overtime payments, bonuses, commissions, and profits. It also includes activities for identifying different types of income.

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Oliveros Analyn Magbanua
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17 views14 pages

GRADE 6 H.E VI_SOURCES OF FAMILY INCOME

The document explains the concept of family income, which is the total income earned by all household members, and categorizes it into regular and irregular income. Regular income includes wages, pensions, short-time work support, fees from services, and rent, while irregular income consists of overtime payments, bonuses, commissions, and profits. It also includes activities for identifying different types of income.

Uploaded by

Oliveros Analyn Magbanua
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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SOURCES

OF FAMILY
INCOME
Income - is the money that an
individual or business received in
exchange for providing goods or
services.
Family income – is the total income
earned by all the members of the
household.
Family income can be classified as
regular or irregular:
Regular Income

1.Wages or Salaries are


earned for services rendered.
This is the money paid to the
father, mother, or children who
2.Pensions – are money granted by
the government or private
comprises upon one’s retirement
from service.
3.Short Time Works Support – a
form of Jobseeker’s benefit and an
income support payment on a short
4. Fees from Services - are money
paid to a professional person or group of
people in exchange for advice or
services.
5. Fees from rent – are money paid
by a lessee on a regular basis and in
Irregular Income

Irregular Income – is far less predictable


and will only be received from time to
time.
Irregular Income

1. Overtime Payment – is the amount


received by a worker for working
beyond regular hours. This depends
on the agreement between the
employer and the employee.
Irregular Income

2. Bonus Payment – is an amount of


money in additional to a regular
income as a reward for good
performance or for a number of years
rendered.
Irregular Income

3. Commission – is an incentive pay to


certain individual from insurance,
selling, real estate, appliances and
educational plans.
Irregular Income

4. Profit – is a financial gain earned


from operating a business.
Activity
Direction: Copy and box the correct answer.
1. It is a financial gain earned from operating
a business. ( profit , salary , bonus )

2. It is fixed regular payment typically paid on


daily, monthly or biweekly basis.
( commission , salary , pension )
Activity

3. It is a payment made during a person’s


retirement as a government / private
employee during his / her working days.
( pension , salary , profit )
Activity
4. It is the amount of money given as addition
to a regular income or as reward for good
performance. ( bonus , profit , wage )

5. It is an incentive pay to certain individual


from insurance, selling real estate ,
appliances , and educational plans.
( commission , wage , profit )

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