The considered income is 2% commission on all sales
$1300 per month salary
What is income?
Income is the money received by a person (individuals or business) periodically on daily, weekly, monthly, or yearly basis. Income includes monetary as well as non-monetary values of allowances and perquisites. All income is taxable under income tax unless expressly exempted.
Income includes
(i) Salary
(ii) Profits and Gains from business and profession
(iii) Dividends
(iv) Voluntary contributions made by trusts, charitable institutions created wholly or partly for charitable or religious purposes
(v) Perquisites
(vi) Special or other allowances
(vii) Any sum paid by the company to the assessee in the form of interest (viii) Capital gains
(ix) Income from other sources.
As per the situation given we have to find the earned income statement.
The statements which are showing the earned income statement is
$1300 per month salary
2% commission on all sales
All the other statement aren't the income statement. These statements are showing money from some other Organization.
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