4
AssignmentMultiple Choice

Understanding Net Worth

Question 4 • Personal Finance - EL3403

Which of the following is not an example of income?

Answer
A
wages
B
food
C
tips
D
allowance

Explanation

Income is money received, such as wages, tips, or an allowance. Food is a good rather than money received, so it is not an example of income.

AI-written and checked against the verified answer.

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