When You Stop Working and Retire, Your Total Income Will

question 82

Multiple Choice

When you stop working and retire, your total income will consist primarily of ________ income sources.

• A) earned
• B) unearned
• C) employment
• D) commission

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Definitions:

Invested

The allocation of resources, typically money, into ventures with the expectation of generating income or profit.

Interest

The cost of borrowing money or the earnings from lending money, calculated as a percentage of the principal amount.

Simple Interest Rate

A rate used to calculate the interest charge on a loan over a specific period of time, not accounting for the effect of compounding.

Investment

The act of distributing funds or resources in anticipation of earning profits or income.