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Technically it is a discrete variable since you can earn 10.05 or 10.06 (or whatever the appropriate rate is in your environment) but not anything between those numbers.

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Q: What kind of variable is income?
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Is income a categorical variable?

No. Income is a quantitative variable since it is measured in numbers instead of categories.


What type of variable is household income?

Household income is a quantitative variable, specifically a continuous variable, since it can take on a wide range of numerical values.


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Independent variable examples?

They are the variables that you think predict some outcome (which is considered the dependent variable). So you might have a theory that gender and age predicts personal income. Gender and age are the independent variables, and income is the dependent. The choice of whether a variable is independent or dependent often is driven by the question you're trying to answer. So in many cases it's possible that the same variable could be an independent variable in one analysis, but a dependent variable in a different analysis. For example, while income was the dependent variable in the earlier example, if you were trying to predict whether a child goes to college, the parents' income might be an important independent variable in that case.