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What is an Income?

29. What is an Income?

1. A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
2. Obligation between one party and another not yet completed or paid for.
3. Earning from investments and other sources unrelated to employment.
4. The revenue a business earns from selling its goods and services.

Answer: D) The revenue a business earns from selling its goods and services

Explanation:

Income is the revenue a business earns by selling its goods or by providing services.