Raghib Teaches Mathematics at Camford University and Receives $40,000 Per

question 146

Multiple Choice

Raghib teaches mathematics at Camford University and receives $40,000 per year.His spouse,Noraini,works as a self-employed computer programmer and charges $40 per hour.Which of the following is true?

• A)Raghib's income is personal interest;Noraini's is wages.
• B)Raghib's income is a salary;Noraini's is personal interest.
• C)Both Raghib and Noraini receive proprietor's income.
• D)Both Raghib and Noraini receive wage or salary income.
• E)Raghib's income is a salary,and Noraini's income is proprietor's income.

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Definitions:

Dividend Yield

A financial ratio that indicates how much a company pays out in dividends each year relative to its stock price.

Dividend Income

Income received from owning shares in a corporation, usually in the form of cash payments made to investors out of the company's profits.

Shares

Equity stakes in a corporation, representing a portion of the ownership, which entitle the holder to a share of the company's profits and assets.

Capital Gains Yield

The rise in price of an investment or asset, represented as a percentage of the investment’s initial cost.