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  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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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Your School's Whatsapp Group - Join Us now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent