ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income
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Expenditure
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Savings
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Debt
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Detailed explanation-1: -What is Gross Annual Income? Annual income is the total value of income earned during a fiscal year. Gross annual income refers to all earnings before any deductions are made, and net annual income refers to the amount that remains after all deductions are made.
Detailed explanation-2: -An annual salary is the total amount of money you earn from a job in a year. This figure is usually calculated per calendar year, covering the period from January to December.
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: -1. The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.