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QuizMultiple Choice

Study Guide and Quiz

Question 1 • GA-Introduction to Business and Technology

Which of the following is an example of earned income?

Answer
A
A paycheck you receive for work you have done
B
Interest on money you lent to a friend
C
A gift of money from a friend or family member
D
Money you receive from a company you invested in

Explanation

Earned income is money you receive in exchange for work or services. A paycheck for work you have done is earned income. Interest, gifts, and money from an investment are not earned by working.

AI-written and checked against the verified answer.

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