7. This is the combined money earned by
the father and mother (is she’s working),
and other working members of the family.
It represents the total amount of money
that goes into the family treasury at the end
of the period, say at the end of month.
This may come monthly from the salaries
of the working members engaged as
employees in companies or industrial
establishments or as earnings from
business owned and managed by the
Sources of Family Income
8. Family income can be derived
from one or a combination of these
sources:
1. Salaries/ Wages
money earned
from working
as employees
of a
commercial/
industrial
services
companies.
2. Commission
money earned
from selling real
estate, insurance,
appliances,
educational plans,
life plans, and the
like.
9. Family income can be derived
from one or a combination of these
sources:
3. Bonus
money given as
addition to a
regular income as
a recognition for a
number of years of
service in a
company
4. Fees from
services
money earned
from services
rendered such
as repair of
appliances/
vehicles;
10. Family income can be derived
from one or a combination of these
sources:
12. Group Activity:
Each group will choose one from
the different family income and give
what kind of income they get from
that certain source of income.
salaries/wages
bonus
commission
fees from
services
profit
pension
14. MASTERY EXERCISES
1. It is a money earned
from working as an
employees of a commercial
business.
a. Service fees c. Salaries
b. Profit d.
15. MASTERY EXERCISES
2. It is a money given as
addition to a regular income
as a recognition for a number
of years of service in a
company.
a. Profit c. Salaries
16. MASTERY EXERCISES
3. The money earned from
selling real estate, insurance,
appliances, educational plans,
life plans, and the like.
a. Bonus c.
Commission
17. MASTERY EXERCISES
4. The money earned from
working as employees of an
industrial services companies.
a. Service fees c. Profit
b. Wages d. Pension
18. MASTERY EXERCISES
5. The money earned from
catering, or baking cakes
and pastry products for
friends and acquaintances.
a. Salaries c. Commission
b. Wages d. Fees from
services
19. MASTERY EXERCISES
6. It is a money granted by the
government or private
companies upon one’s
retirement from service.
a. Profit c. Salaries
b. Pension d. commission
20. MASTERY EXERCISES
7. It is a money earned from
operating a small or big
business.
a. Profit c. Wages
b. Commission d. Salaries
21. MASTERY EXERCISES
8. It is money earned from
services rendered such as
repair of appliances and
vehicles.
a. Fees from services c. Wages
b. Commission d. Bonus
22. MASTERY EXERCISES
9. Jake earned a money from
repairing air-conditioned and
appliances of his friends.
a. Service fee s c. Profit
b. Salaries d. Bonus
23. MASTERY EXERCISES
10. Mother earned a money
from a small operating sari-
sari store.
a. Wages c. Commission
b. Profit d. Bonus
24. MASTERY EXERCISES
Test-11(10 points).
What can you contribute in
maximizing the use of your
family’s income?
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25. ASSIGNMENT:
A. Give at least 2 sources of each
income of the family:
1. Salaries or wages
2. Profits
3. Bonus
4. Fees from services
5. Commission
26. WRAPT-UP
Maximizing your household
income ensures you have
plenty of money when you
need it. With multiple
income sources, the impact
of the loss of one income
source is less on your