The Consumer
, The Consumer
and expenditure
Income
of
South African families
-
basic needs need to be met
↳ Money to obtain
goods & services
-> offer labour to the and
economy
in return earn an income
sources income
of
Salaries -> fixedmonthly
Payment Wages -> daily or weekly payment
↳ for work completed
->
temporaly recieve wages
professionals receive -> farm, domestic factory
->
normally workers
a salary
gross salary -> salary before deductions
nett
salary -> Salary after compulsory
deductions such as
tax, UIF 6 Pension
Commission - Payment Pension -> after
a
agent get retirement
for a sale from pension fund
↑
professional fees -> medical docter
Annuity - retirement fund
Bonus Social Elderly, Disabled,
an extra
payment grants
-
poor
↳ Percentage of annual earnings
farming ->
money farmers get for casual income ->
gifts, inheritance
farm produce andbets/Lottery
Profits -> made by selling Fringe benefits -> Extra payment to
money employee
a an
product or service
unemploymentinsurance fund -> UIF
Interest -> money paid to investors
as a return to their
investments
Dividents ->
paid to
money out
Shareholders
Rental income ->
money landlordgets
for
letting real estate
, The Consumer
and expenditure
Income
of
South African families
-
basic needs need to be met
↳ Money to obtain
goods & services
-> offer labour to the and
economy
in return earn an income
sources income
of
Salaries -> fixedmonthly
Payment Wages -> daily or weekly payment
↳ for work completed
->
temporaly recieve wages
professionals receive -> farm, domestic factory
->
normally workers
a salary
gross salary -> salary before deductions
nett
salary -> Salary after compulsory
deductions such as
tax, UIF 6 Pension
Commission - Payment Pension -> after
a
agent get retirement
for a sale from pension fund
↑
professional fees -> medical docter
Annuity - retirement fund
Bonus Social Elderly, Disabled,
an extra
payment grants
-
poor
↳ Percentage of annual earnings
farming ->
money farmers get for casual income ->
gifts, inheritance
farm produce andbets/Lottery
Profits -> made by selling Fringe benefits -> Extra payment to
money employee
a an
product or service
unemploymentinsurance fund -> UIF
Interest -> money paid to investors
as a return to their
investments
Dividents ->
paid to
money out
Shareholders
Rental income ->
money landlordgets
for
letting real estate
