Asked by Dexter Major on May 15, 2024

verifed

Verified

The amount of money a person receives,usually through wages or salaries,but it can also include rents,interests on savings accounts,dividends on stocks,or the proceeds from a business,is called

A) income.
B) property.
C) stocks.
D) wealth.

Income

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 a profit from financial investments.

Wages

Payment usually received by an employee on a regular basis for services rendered to an employer, often quantified as an hourly, daily, or piecework amount.

Salaries

Regular payments made to employees for their labor, typically based on a fixed annual amount and paid in monthly or biweekly installments.

  • Differentiate among earnings, assets, net worth, and their contributions to financial standing.
verifed

Verified Answer

PN
Preet NagraMay 20, 2024
Final Answer :
A
Explanation :
Income is the correct term as it refers to the money a person receives through various sources such as wages, salaries, rents, and dividends. Property refers to assets owned by a person, while stocks refer specifically to ownership in a company. Wealth refers to the total value of a person's assets, including property, stocks, and other investments.