Question

One Friday afternoon, Rose Marie went to her mailbox and found two envelopes addressed to her. One envelope contained a check for $152 from a "side hustle," and the other contained a check for $25 from her grandmother. What kind of income did Rose Marie receive that day?

Answer 1

Answer:

Rose Marie received $152 in earned income and $25 in transfer payments.

Explanation:

Based on the information provided within the question it can be said that in this scenario Rose Marie received $152 in earned income and $25 in transfer payments. The $152 from her "side hustle" is basically from a service that she provided, which she worked (earned) for. Since the other payment was given to her from her grandmother, it is said to have transferred ownership, thus it is a transfer payment.