The money that someone receives, usually from a job, business, or assets, is referred to as what?

• A. income
• B. revenue
• C. wages
• D. capital

Answer: (D)

Money a person receives, from work, a business, or from assets, is called income. Income is the broad term for earnings over a period and can come from many sources—salary or wages from a job, profits from a business, interest from savings, rent from property, or dividends from investments. Wages are a specific type of income tied to labor, usually paid for work done. Revenue refers to the total money a business brings in from selling goods or services, not the earnings of an individual. Capital means the assets or wealth used to generate more wealth; it’s not the money you receive in a period, though those assets can produce income. So the best term for the money received by a person from various sources is income.