Which of the following would be included on a personal income statement?
A)Your 401(k)balance
B)Buying a flat-screen TV on credit
C)Making a payment to your credit card company
D)All of the above

Question

Quizplus · Accepted Answer

A personal income statement typically includes a summary of your income (such as wages, salaries, bonuses, etc.) and expenses (such as rent/mortgage, utilities, groceries, etc.). Your 401(k) balance and buying a flat-screen TV on credit would not be included as they do not reflect your current income and expenses. Making a payment to your credit card company would be included as it reflects an expense being paid.

Which of the Following Would Be Included on a Personal