An Individual's Total Assets Less Liabilities Is Called Income.​

question 96

True/False

An individual's total assets less liabilities is called income.​

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Definitions:

Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.

Dominant Ethnic Group

Refers to the ethnic group in a society that has the most power, influence, and resources, often setting norms and values for the broader community.

Recent Immigrant

An individual who has moved to a new country from their place of origin relatively soon before the present time, adjusting to a new culture and environment.

Undocumented Immigrants

Individuals who reside in a country without the legal documentation required by that country's government.