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Classify Sources of Income
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DSST
DSSTPF.011 Classify Sources of Income
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Elena’s paycheck shows $2,750 gross pay, $510 in taxes and benefits, and $2,240 deposited. Which interpretation is correct?
A
The $510 is net income because it is listed on the pay stub.
B
The $2,240 is gross income because it was deposited.
C
All three amounts are unearned income because they appear on a paycheck.
D
The $2,750 is gross earned income, and the $2,240 is net earned income.
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