Question

Why does income refer to

Answer 1

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Income is money that an individual or business receives in exchange for providing a good or service or through investing capital. ... In this case, income is referred to as "earnings.” Most forms of income are subject to taxation.

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Answer 2

Income is money that an individual or business receives in exchange for providing a good or service or through investing capital. ... In businesses, income can refer to a company's remaining revenues after paying all expenses and taxes. In this case, income is referred to as "earnings.