Friday, October 22, 2021

What is income?

What is income?

This term we're learning about income. This is my definition of what income is.

Income is money that comes in that you get paid for maybe from a jobs you do, allowance or winning a lotto ticket. 

Everyone needs income because they might end up being bankrupt. Income is also interest, interest is when you keep a amount of money in your savings and have a budget and use that certain amount of money.

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