Question

ECON2301 CH4 - 6 Questions (60 Points)
For each of the scenarios, identify the type of income earned based on the categories of income approach.

1. Anita House bought a duplex to earn additional income.
2. Mos Quito works as an exterminator for Bugs B Dead, Inc.
3. Exterminators Plus is an owner‑operated business.
4. Noah Count, Inc., collects $2,000 in sales tax every month.
5. Noah Count, Inc., recently paid out dividends to stockholders
6. Bugs B Dead, Inc., pays its mortgage promptly every month.

WORD BANK (Can be used more than once)
- rental income
- net interest
- compensation of employees
- proprietor's income
- corporate profits
- miscellaneous adjustments

Answer 1

The type of income have been matched below

1.  Anita House bought a duplex to earn additional income.

• Rental income

2.  Mos Quito works as an exterminator for Bugs B Dead, Inc.

• Compensation of employees

3. Exterminators Plus is an owner‑operated business.

• Proprietor's income

4.  Noah Count, Inc., collects $2,000 in sales tax every month.

• Miscellaneous Adjustments

5. Noah Count, Inc., recently paid out dividends to stockholders

• . Corporate Profits

6.  Bugs B Dead, Inc., pays its mortgage promptly every month.

• Net Interest

What is income?

This is the amount of money that is realized through the provision of services, from employment, from having shares or through property rent.

All of the answers in the question are based on the different types of income that would be paid due to the category that it falls into.

Read more on income here: https://brainly.com/question/25895372