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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.

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Solution

To determine which option correctly defines an individual's annual salary, let’s analyze each choice.

  1. A) Money: This refers to the physical currency and does not specifically indicate an annual amount or income.

  2. 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.

  3. C) Wealth: Wealth describes the total value of all assets owned by an individual, not just the income they earn annually.

  4. 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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