An individual's annual salary is herA) money.B) income.C) wealth.D) liabilities.
Question
An individual's annual salary is her
A) money. B) income. C) wealth. D) liabilities.
Solution
To determine which option correctly defines an individual's annual salary, let’s analyze each choice.
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A) Money: This refers to the physical currency and does not specifically indicate an annual amount or income.
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B) Income: This term directly relates to the money received, typically on a regular basis, in exchange for work or services. An annual salary is a key component of an individual's income.
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C) Wealth: Wealth describes the total value of all assets owned by an individual, not just the income they earn annually.
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D) Liabilities: Liabilities refer to debts or obligations that an individual must pay. This does not relate to salary.
Final Answer
The correct answer is B) income, as an annual salary is a form of income that an individual earns from employment.
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