Luigi owns and operates a small restaurant. The income he receives from the restaurant is classified as _____

Name: Luigi owns and operates a small restaurant. The income he receives from the restaurant is classified as _____
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The income received by Luigi from his restaurant is classified as proprietor's income, which refers to the income earned by a self-employed individual from their business or profession. This can include income from owning and operating a small business like a restaurant.

Luigi Owns and Operates a Small Restaurant