Question

A study of the annual income of the family of Ramesh

Answer 1

Answer:

Since not much info is given, I'll assume some standard common real life scenarios.

Let's assume that Ramesh lives with his wife and two children. And let Ramesh's annual income be x.

The two things that matter while studying family income is the expenditure and the savings.

Let's assume that the expenditure is Y.

This may include all household expenses, school fee, EMI's, miscellaneous expenses.

So in the end of one year, ramesh will have a savings of x-y.