Answer:
B. Your monthly student loan payment
Explanation:
Income is money received by organizations or individuals as compensation for their efforts in business, work, or investments. Income is money coming inwards as opposed to expenses that are money out.
Incomes are classified depending on how they are generated and who receives them. Examples.
- Employees will earn salaries or wages as compensation for there labor.
- A business will earn profits as a result of selling goods or provision of services.
- An investor will receive dividends from their investments.
Other incomes may include pensions, cash transfers, and child support. Expenses such as loan repayments are not incomes.
