name 4 sources of family income
Answers
Explanation:
Family income is the income from all sources like salary of family members, rents, and interest received from banks and savings from using skill of family members. Money can also be saved by using free facilities like medical facilities, free education for children or rent free accommodation.
Answer:
Explanation: ) Earned Income - It refers to any income that is generated by working. The salary or income made from hourly employment.
Some activities that generates earned income includes : -
▪Working in a job
▪Owning a small business
▪Consulting
▪Gambling
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2 ) Portfolio Income - It refers to any income that is generated by selling an investment at a higher price than you paid for it. It is also known as ' CAPITAL GAINS '
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3 ) Passive Income - It refers to money one get from assets you have purchased or created. For example if you were to buy house & rent it out for money than it costs you to pay your mortrage & other expenses.