SOURCES OF
INCOME
Prepared by: Mr. John Luis M. Bantolino, LPT

GROUP ACTIVITY
Write down things that can
help people cover some of
their expenses without paying
with money.

INCOME
Amount of money and/or non-
monetary items (products or
services) earned by a person as
a result of any type of activity.

TWO FORMS OF INCOME
MONETARY FORMS
-wages or salary, tips, pensions,
interest from savings, and rental
fees (for those who own a house
people can rent).

TWO FORMS OF INCOME
NON-MONETARY FORMS
-free transportation by
their company, free lunches,
free housing

IRREGULAR INCOME
 no specific time
frame
 unexpected or
surprise

SOURCES OF INCOME
 WORK-RELATED
-people earn income through
work; this can be a full-time or
part-time job, a paid internship, or
self-employment.

SOURCES OF INCOME
 NON-WORK-RELATED
-through investments they have made,
retirement pensions, rental revenues,
interest from savings, gains from small
rotating savings and loan associations
(ROSCA), gifts, etc.

Work-related sources of
personal income
Non-work-related
sources of personal
income
ACTIVITY

DEDUCTIONS AND TAXES
 GROSS SALARY
-the money you earn from
a job before taxes and other
deductions.

DEDUCTIONS AND TAXES
 NET SALARY
-is what you end up with
after deductions are taken
out.

PAYCHECK
Employee Name
Dela Cruz, Juan T.
Pay Period
04/01/2021 – 04/30/2021
Best Supermarket, Inc.
Rate
63.75
Hours
152
Gross pay this period
9,690.00
Deductions
Income Tax
SSS
Pag-ibig
PhilHealth
Total
Amount
290.70
350.00
100.00
200.00
940.70
Net Pay:
(Gross Pay minus
Deductions)
Net Pay
8,749.30
Check Date:
05/03/2021

1
Ito ang tawag sa
tubo mula sa mga
naibenta bawas na
ang direktang
ginastos sa
paggawa nito.
REVENUE/KITA

1
The cost for a
business to continue
operation and turn a
profit
EXPENSES/MGA GASTOS

1
EXPENSES/MGA GASTOS

1
Secondary Activity
Expenses
All expenses linked to
non-core business
activities, like interest paid
on loan money.
EXPENSES/MGA GASTOS

1
Distribution Costs o Selling Expense
 Ito ay ang mga gastusin na direktang sanhi ng
selling, advertising, at ang pagdeliver ng
produkto sa mga customers.
 Ito ay karaniwang binubuo ng salary at
commission ng tagabenta (salesmen), travelling,
at iba pang mga expenses na related sa selling.
EXPENSES/MGA GASTOS

1
Ex. loss from the sale of
long-term assets, or the
loss on lawsuits
LOSS/LUGI

1
Net Income = (Total
Revenue) – (Total
Expenses + Losses)
NET INCOME

2
If the net amount of revenues and
gains minus expenses and losses is
positive, the bottom line of the profit
and loss statement is labeled as net
income.
If the net amount (or bottom line) is
negative, there is a net loss.

SOURCES OF INCOME GROSS INCOME (MONTHLY)
Wages from jobs
Retirement pensions
Dividends and interest from savings and
investment
Allowances
Scholarships
Other sources of income
Total Gross Income
Types of deduction and taxes Amount
1.
2.
3.
Total deductions and taxes
Net Income= Gross Income-Deductions

ACTIVITY
Direction: Each participants will determine his or
her source and amount of personal income.
Write your answers on a sheet of bond paper.
a.What are my sources of personal income?
b.What is my net income for the last month?