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Serjik [45]
2 years ago
15

Which statement about income is not true?

Physics
2 answers:
PilotLPTM [1.2K]2 years ago
8 0

Answer: d) income only includes salary

Explanation:

i just took a test for economics and personal finance and got it correct

mel-nik [20]2 years ago
3 0

The statement that "Income only includes salary " is not true.

Income is the money that an individual or organization<u> </u>receives in return for their services or goods. 

Depending on the context—such as taxation, financial accounting, or economic analysis—income may have a variety of definitions.

For the majority of people, their total earnings include their wages and salaries, investment returns, pension payments, and other receipts. 

For businesses, income refers to the money made from<u> selling goods and services as well as any interest or dividends paid </u>on the company's cash holdings and reserves.

So, the amount of money, property, and other value transfers received over a predetermined period in return for goods or services is often referred to as "income."

That's why income does not include only salary.

Hence Statement (D) about the income is not true.

Learn more about income here brainly.com/question/11880976

#SPJ1

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