Author Question: Raghib teaches mathematics at Camford University and receives 40,000 per year. His spouse, Noraini, ... (Read 41 times)

vicotolentino · **on:** Jul 1, 2018

Raghib teaches mathematics at Camford University and receives 40,000 per year. His spouse, Noraini, works as a self-employed computer programmer and charges 40 per hour. Which of the following is true?
a. Raghib's income is personal interest; Noraini's is wages
b. Raghib's income is a salary; Noraini's is personal interest
c. Both Raghib and Noraini receive proprietor's income
d. Both Raghib and Noraini receive wage or salary income
e. Raghib's income is a salary, and Noraini's income is a proprietor's income

Question 2

Luigi owns and operates a small restaurant. The income he receives from the restaurant is classified as
a. saving
b. proprietor's income
c. wages and salaries
d. rental income
e. dividends