If your paycheck covers your rent, groceries, and necessities, you are most likely earning a:
B. living wage
Explanation:
1. A living wage is the amount of income a person needs to cover basic expenses such as housing, food, and other necessities.
2. If your paycheck is sufficient to pay for rent and essential items like groceries, it indicates that you are earning a wage that supports a basic standard of living.
3. A fair wage generally refers to a wage that is considered reasonable or just in relation to the work being done, but it may not necessarily cover all basic needs.
4. Variable income refers to income that fluctuates over time, which may not provide a consistent amount to cover regular expenses like rent and groceries.
5. Minimum wage is the lowest wage that employers can legally pay their employees, which may not always be enough to cover all living expenses comfortably.
