Business Studies, asked by choochoo, 8 months ago

what is income component?

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Answered by Shwetasharma99736

1

Answer:

Earnings or employment income is, by far, the major component of income. It is made up of wages and salaries and self-employment income. ... Wages and salaries (reported on lines 101 and 104 of the T1 return) includes, in addition to regular pay, overtime, tips, commissions, bonuses and a number of other items.

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