Jan is adding up her wages earned,child support received,and interest.She is calculating her.
A)income
B)wealth
C)assets
D)tax receipts

Question

Quizplus · Accepted Answer

Income refers to the amount of money that an individual earns from various sources, such as wages, salaries, bonuses, and investments. In this scenario, Jan is adding up her wages earned, child support received, and interest, which all fall under the category of income. Therefore, the best choice is A) income.

B) Wealth refers to the accumulated assets, savings, and investments an individual possesses. While Jan may have some wealth depending on her total savings and investments, this question is asking about her current earnings, making wealth an incorrect choice.

C) Assets are resources owned by an individual that has economic value and can be used to generate income or provide some other benefit. While Jan's wages earned, child support received, and interest are all forms of assets, this question is asking for the overall term that encompasses these individual assets. Therefore, assets are not the best fit.

D) Tax receipts refer to proof of payment of taxes. This choice is not a proper answer to the question, as Jan is not calculating her tax receipts, but rather, her earnings.

Jan Is Adding Up Her Wages Earned,child Support Received,and Interest