ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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expense
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income
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gone
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spending plan
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Detailed explanation-1: -salary. noun. a fixed amount of money that you earn each month or year from your job.
Detailed explanation-2: -Monthly gross income is simply the amount you earn every month before taxes and other deductions.
Detailed explanation-3: -Income is often considered a synonym for revenue since both terms refer to positive cash flow; however, in a financial context, the term income almost always refers to the bottom line or net income since it represents the total amount of earnings remaining after accounting for all expenses and additional income.
Detailed explanation-4: -The term “income” generally refers to the amount of money, property, and other transfers of value received over a set period of time in exchange for services or products. There is no single, standard definition: income is defined according to the context in which the concept is used.
Detailed explanation-5: -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