Question

five features of business income​​

Answer 1

Answer:

• Economic activity: Business is an economic activity of production and distribution of goods and services.
• Buying and Selling
• Continuous process
• Profit Motive
• Risk and Uncertainties

Answer 2

Business income is earned income and encompasses any income realized from an entity's operations. For tax purposes, business income is treated as ordinary income. Business expenses and losses often offset business income