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Just one criterion: it must be possible to put the levels of the variable in order. For example, people in a population might be categorised in terms of their incomes as low income, medium income and high income. In this instance, the income levels display an inherent ordering. Please see the link.
net income is gross income less expenses
i am not good in maths, but generally we can calculate annual income by multiplying our monthly income by 12.. as if know how much is our monthly income.. similarly by multiplying, we can find annual income on behalf of weekly income, or daily income or even on hourly income...
You pay tax on taxable income and you don't on tax free income
average income of a country = total income of the country÷ population of the country
Marginal Revenue
Additional income is income you make apart from you main occupation. This can range from scrapping metal to babysitting. Depending on what you do for this additional income, you may or may not have to pay taxes on it.
yes
Selling his paintings.
You don't get any additional income for having a child.
It is a selling expense to be accounted for on the Income Statement under Selling Expenses.
The Importance of Selling =because it's a good source of income D:o:N:e
Capital icome is the money invested by the owners or other investors that is used to set up a business or buy additional equipment.when setting up a busniess , capital income might also be used to buy opening stock, but as the business develops, stock should be paid for by sales income (revenu income) Revenue income is the money that comes into the business from performing its day-to-day-function - selling goods or providing a service
NO
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Income comes from selling a product. Income can also come from a business leasing a facility or land to another business.
Selling and administration expenses are found under income statement after gross profit section and for the calculation of net profit