Social Studies, 05.02.2021 01:00, girlygirl2007

Definition: For households and individuals, "income is the sum of all the wages, salaries, profits, interest payments, rents, and other forms of earnings received in a given period of time." (also known as gross income).

Question:

Based on the Definition of Income above what is the impact of income on the budgeting of an indvidual?

Rubric:

Please use RACES (Restate, Answer, Cite, Explain/Summarize)

Must be AT LEAST 3 Sentences

Proper Grammer and Punctuation Needed plz help i need at least 3 Sentences i only have 15 points pl

Answers: 2

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Definition: For households and individuals, "income is the sum of all the wages, salaries, profits,...