Money earned from work or investments that is not a salary is called

Money earned from work or investments that is not a salary is called

• A. Salary
• B. Taxes
• C. Income
• D. Loan

Answer: (C)

Income is the money you receive from various sources, including work and investments. It covers earnings from a job as well as returns from investments like interest or dividends. A salary is just one steady form of income, usually a fixed amount paid regularly by an employer, so it’s too narrow for money earned from both work and investments when you’re not talking about a salary. Taxes aren’t money you earn; they’re amounts owed to the government. A loan is borrowed money you must repay, not money you’ve earned. So the term that fits money earned from work or investments, beyond just a salary, is income.

Income is the money you receive from various sources, including work and investments. It covers earnings from a job as well as returns from investments like interest or dividends. A salary is just one steady form of income, usually a fixed amount paid regularly by an employer, so it’s too narrow for money earned from both work and investments when you’re not talking about a salary. Taxes aren’t money you earn; they’re amounts owed to the government. A loan is borrowed money you must repay, not money you’ve earned. So the term that fits money earned from work or investments, beyond just a salary, is income.