Transitory income is:
A) income that persists.
B) average income.
C) random deviations from average income.
D) current income.

Name: Transitory income is: A) income that persists. B) average income. C) random deviations from average income. D) current income.
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Question

Quizplus · Accepted Answer

Transitory income refers to random fluctuations in income, such as temporary bonuses, overtime pay, or unexpected windfalls. It is not a reliable part of an individual's average income and can vary greatly from year to year.

Transitory Income Is