Q1W2_TLE_HOME ECONOMICS(Source of Family Income.pptx

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1. HOME ECONOMICS Source of Family Income PANDACAQUI RESETTLEMENT ELEMENTARY SCHOOL

2. Objectives Allocates budget for basic and social needs such as: food and clothing shelter and education social needs: social, and moral obligations (birthdays, baptisms, etc.), family activities, school affairs savings/emergency budget (health, house, repair)

3. Sources of Family Income Family income is the compensation received by the family regularly. A family may have one or more sources of income.

4. Sources of Family Income What does each pictures shows? What are the things you know that can be used to earn money?

5. Read Mang Greg and Aling Dora have several sources of income. Both of them are government employees. Mang Greg has a meat stand at their local market, Teodoro Arcenas Trade Center while Aling Dora has a small vegetable garden in their backyard which she harvests weekly to be sold in the market every Sunday. 

6. 1. How many sources of income do Mang Greg and Aling Dora have?  2. What are their sources of income?  3. What about you, can you tell us the source or sources of your family  income? 

7. Family income Classified as: 1. Regular Income 2. Irregular Income

8. Regular Income - is received on an ongoing basis and timing and amounts involved tend to be predictable 3. Short Time Work Support 2. Pensions Wages and Salaries Salaries are paid fixed amount per period like 30th day of every month while wages are money received for a pay rate per hour from rendering a service.  . Pensions are money granted by the government or private comprises upon one’s retirement from service.  Short time work support is a form of Jobseeker’s Benefit and an income support payment if you have been temporarily placed on a shorter working week. 

9. Regular Income - is received on an ongoing basis and timing and amounts involved tend to be predictable 5. Fees from Rent 4. Fees from Services Fees from services are money paid to a professional person or group of people in exchange for advice or services.  Fees from rent are money paid by a lessee on a regular basis and in the same amount. 

10. Irregular Income 1. Overtime Payment - is far less predictable and will only be received from time to time. 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.  2. Bonus Payment Bonus payment is an amount of money given in addition to a regular income as a reward for good performance or for a number of years of service rendered. 

11. Irregular Income 3. Commission - is far less predictable and will only be received from time to time. Commission is an incentive pay to certain individual from insurance, selling real estate, appliances and educational plans.  4. Profit Profit is a financial gain earned from operating a business. 

12. Guided Questions: 1. What is family income?  2. What are the two classifications of income?  3. Enumerate the sources of family income

13. Directions: The following scrambled letters are sources of family income. Arrange the letter to form a new word.  1. NCMEOI - _________ 2. ISUNCNERA - _________ 3. NNPESIO - _________ 4. NIOMMICOSS - ________ 5. SAALYR - _________ 6. VCERSISE - _________  7. SSSUBINE - _________  8. TIFROP - _________  9. EEFS - _________ 10. BNUOS - _________

14. What I Have Learned Complete the thought of the sentence  The sources of family income can be classified as to regular income which includes __________________________ and irregular income such as ______________. 

15. Complete the table below. Enumerate the sources of family income that you know.  SOURCES OF FAMILY INCOME Regular Income Irregular Income

16. Thank You