Question

Which of the following is not a source of income
A. The wages you receive after a work shift
B. Your monthly student loan payment
C. The stipend you receive for doing an internship
D. Your annual salary for doing you job

Answer 1

B is the answer

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Answer 2

Monthly student loan payment is not a source of income, Option B.

Loan repayment is not an income it is an expense.

The source of income refers to the inward flow of money in returns for sales or services provided

The source of income can be classified under five heads are as follows:-

1. Income from salary
2. Income from Business/Profession
3. Income from capital gain
4. Income from House Property
5. Income from other sources

Therefore, Option B, Your monthly student loan payment is the correct answer.

To learn more about the source of income

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