Kyle just started college. He also decided to establish a personal budget, but he’s unsure of how to categorize his income and expenses. For example, he’s unsure how to categorize the extra money he earns and saves each month. How should it be categorized?
(1 point)
Responses
as earned income
as earned income
as a monthly expense
as a monthly expense
as unearned income
as unearned income
as a pre-tax expense
1 answer
The extra money Kyle earns and saves should be categorized as unearned income.
1 answer