QUESTION IMAGE
Question
while there are many sources from which a person may receive income, which of the following is true?
all forms of income are limited.
income is not subject to taxation.
people may only earn income from one source at a time.
people who do the same work must receive the same income.
Brief Explanations
- "Income is not subject to taxation" is false as most incomes are taxable.
- "People may only earn income from one source at a time" is false (e.g., multiple jobs, investments).
- "People who do the same work must receive the same income" is false (factors like experience, location affect income).
- "All forms of income are limited" is true as income (earned, investment, etc.) has limits (e.g., a job has a salary cap, investment returns depend on capital/ market).
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All forms of income are limited.