BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rory is surprised to learn that there are many other types of income besides the wages he earns in this paycheck every month. Which of the following is an example of another type of earned income?
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Scholarships
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Money from selling his Playstation
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Tax Refund
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Interest earned from savings account
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Explanation:
Detailed explanation-1: -An income statement assesses the profit or loss of a business over a period of time, whereas a balance sheet shows the financial position of the business at a specific point in time.
Detailed explanation-2: -Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.
There is 1 question to complete.