_______________________ Are a Distribution of Net Income for the Period

question 195

Short Answer

_______________________ are a distribution of net income for the period, not a determinant of net income as are expenses.

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Definitions:

Income

The money received by an individual or business for work, from investments, or from other sources.

Families

Groups of individuals related by blood, marriage, or other significant relationships who typically live together and share economic and social responsibilities.

Insurance Premium

The payment made to an insurance company for coverage, which usually occurs on a regular basis, such as monthly or annually.

Risk-Averse

Refers to the preference of individuals or organizations to avoid risks and opt for the most certain outcome.