Answer:
Personal Income
Explanation:
Personal income represents the totality of income an household or an individual receives. It can also be called the collective compensation an individual receives and this amount is subject to tax.
The component of an household's presonal income include income for various sources. Earned sources include; wages, salaries or any other compensation from either self-employment or employment with another company or oganisation. Un-earned income include distributions and interests and dividends most received from investments, income from rental of real estates and any profit received as a result of being part of a business.
