Asked by Paola Davis on Jul 14, 2024
Verified
Which of the following would be considered part of income?
A) wages and salaries
B) the value of a house
C) corporate stock holdings
D) money in a bank account
Wages and Salaries
Monetary compensation paid by employers to employees for their labor services, typically on an hourly, weekly, or annual basis.
- Distinguish between earnings and net worth, including their functions in economic evaluations.
Verified Answer
JG
jonathan GonzalezJul 16, 2024
Final Answer :
A
Explanation :
Wages and salaries are considered income because they are earnings received by an individual from working.
Learning Objectives
- Distinguish between earnings and net worth, including their functions in economic evaluations.