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You basically generate income whenever you are paid for something you have done. (create) You can also generate income thru investments that pay interest ordividends on the investment principle. (propagate) This is letting your money work for you, instead of you working for your money! Income is all money you receive from all sources including compensation for services or gifts. You generate income every time you put your hand out and someone buts money in it! Or put a dollar in a slot machine and get back two dollars!
What else can I help you with?
Why an economy's income must be equal to its output?
Because output generates income.
Niagara Falls generates income for both the US and Canada in what two ways?
Niagara Falls generates income for both US and Canada in two ways. These are income in terms of tourism and hydroelectric energy.
What is British Columbia minerals generates the most income for British Columbia?
leadzincgoldcopper
True or False The Federal income tax on corpoations generates more revenue than the Federal income tax on individuals?
false
What are main souces of Bollywood's income?
Main source of bollywood's income is through the box office. Box office sells tickets to the viewers. Which in turn generates the income of the bollywood.
What factor of production accounts for the highest percentage of the income that the production process generates in the US?
capital
Why is it so expensive to call to Guyana?
Probably because GT&T likes the (foreign currency) income it generates.
Is a single family home worth more than a duplex?
a duplex in the right neighborhood is worth more than a smae sized single family dwelling. Why? becuase it generates income, the rental side can be depreciated, and repairs can be "written off as expenses against the income the rental side generates...
Which of thses is the best definition of gross income?
Gross income is the total earnings before any deductions or taxes are taken out. It includes wages, salaries, bonuses, rental income, and investment income. Essentially, it represents the overall income an individual or business generates during a specific period.
Why is owner of a business is interested in the activity of a business?
The activity of the business is what generates money for the business and the owner will want to maximize income.
Is a rental property considered commercial?
Yes, a rental property can be considered commercial if it is used for business purposes or generates income.
Alberta Oil Sands?
Located near Fort McMurray. It's a huge project that generates much income for Alberta's economy.
