ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Interest
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Income
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Expense
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None of the above
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Detailed explanation-1: -Earnings are the amount of money you make from doing a job.
Detailed explanation-2: -For the year you are filing, earned income includes all income from employment, but only if it is includable in gross income. Examples of earned income are: wages; salaries; tips; and other taxable employee compensation. Earned income also includes net earnings from self-employment.
Detailed explanation-3: -Earned income is the money a person receives due to working or business activities, such as earning a salary, self-employment income, or certain government benefits.
Detailed explanation-4: -Active income. If you have a job and receive a paycheck, you make your money through active or earned income . Portfolio income. Portfolio income comes from investments such as dividends, interest, royalties and capital gains. Passive income. 03-Feb-2023
Detailed explanation-5: -Earned or Active Income. What it is: Earned or Active income is the most common way that people are taught to make money. Portfolio or Investment Income. Passive Income. Inherited Income.