Arts, 08.10.2019 13:10 tjiaxin8082

Elisha is a photographer and charges a set fee to photograph weddings. this is an example of income.
a. capital gains
b. earned
c. hourly
d. passive

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Answer from: rania32

Elisha is a photographer and charges a set fee to photograph weddings. This is an example of "earned" income.

Earned income is taxable pay and wages you get from working. It incorporates: Wages, compensation, or tips you procure from working for another person, or as a representative of your enterprise and wages from your work in a business you possess.
Earned income does exclude Intrigue and profits, Annuity and retirement benefits, Government disability, joblessness benefits and Provision or child support.

Answer from: javink18

Elisha is a photographer and charges a set fee to photograph weddings. This is an example of earned income.

Earned income refers to the exact money you get from working for a company or someone. In other words, a set fee that is charged by Elisha to photograph weddings is an example of earned income.

Further Explanation

Simply put, it is the money you received by taking part in a business or trade.

Earned income includes the followings:

income you make from your business.

However, earned incomes can as well be benefits such as long term disability benefits, union strike benefits. There are also classes of deferred compensation plans that are classified as earned income.

There is a difference between earned and unearned income. Although both are taxed unearned income tax rates vary.

Also, there are two most common types of earned income and these include

Interest income (such as saving deposits, loan, etc.)Dividend income (income from investment)

However, there are also some sets of income that are not regarded as earned income, some benefits such as worker's compensation, social security, stocks dividend, bond interest, pension income, alimony are all income that falls under the category of unearned income.

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Elisha is a photographer and charges a set fee to photograph weddings Elisha is a photographer and charges a set fee to photograph weddings.

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Answer from: Quest

Your answer is true : )

Answer from: Quest

Idon’t think it’s true but if it is then you should make up a case then prove it

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