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  3. Home Economics
  4. JAMB 2020
  5. The total amount of...

The total amount of money earned by a person from his work is called ...............

Home Economics
JAMB 2020

The total amount of money earned by a person from his work is called ............ income

  • A. Family
  • B. Personal
  • C. Basic
  • D. Gross
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Correct Answer: Option D
Explanation

Gross income refers to the total amount of money earned by an individual from their work, before any deductions or taxes are taken out. It includes all forms of income, such as salaries, wages, tips, bonuses, and commissions.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now