Personal income is the total amount of money earned by an individual or household during a given time period, including salaries, wages, tips, and any other sources of income. It is not the money left over after taxes or deductions, nor is it the total of all assets.

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Personal Income Is

Question 6

Multiple Choice

Personal income is:

A) the total receipts or cash earned by a person or household during a given time period.
B) the money you have after taxes.
C) the total of all your assets for a given year.
D) the money you have after all your deductions.
E) none of the above.

Correct Answer: