ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money spent
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Money earned
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Money saved
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Money invested
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Detailed explanation-1: -Meaning of earned income in English. money that a person or company receives for work they have done, including wages, tips, commissions, and bonuses, but not income from investments: They live on their savings and have no earned income.
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: -Earnings are the amount of money you make from doing a job.
Detailed explanation-4: -Salary received in India or salary for service provided in India, income from a house property situated in India, capital gains on transfer of asset situated in India, income from fixed deposits or interest on a savings bank account are all examples of income earned or accrued in India.
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