An example of income earned but not received is
A) welfare payments.
B) Social Security payments.
C) undistributed profits.
D) a and b
E) a,b,and c

Question

Quizplus · Accepted Answer

Undistributed profits are income earned by a corporation that is not distributed to its shareholders in the form of dividends. Therefore, it is income that is earned but not received by the shareholders. Options A and B are government payments that are received by individuals, and they do not fit the definition of income earned but not received. Option E is incorrect because it includes options A and B, which are not valid answers.

An Example of Income Earned but Not Received Is