Which of the following represents the best example of proprietor's income?
A)the paycheck that Freeda brings home from her job as a computer programer
B)the interest that Hans earns from the savings account he has with USA Bank
C)the revenue that Janet has left over after she pays all the expenses associated with running her software development business
D)the check that Hunter receives each month for leasing his land to the natural gas company that is drilling on his land
E)the check that Trisha gets each month from the Social Security Administration

Question

Quizplus · Accepted Answer

Proprietor's income is the income earned by a business owner from their business activities, after all expenses have been paid. Option C represents the revenue that Janet has left over after paying all the expenses associated with running her software development business, which is the best example of proprietor's income. The other options represent different types of income - A represents wage/salary income, B represents interest income, D represents rental income, and E represents government transfer income.

Which of the Following Represents the Best Example of Proprietor's