How would you categorize money received on a regular basis for work?

• A. Paycheck
• B. Profit
• C. Income
• D. Commission

Answer: (C)

Money received on a regular basis for work is best categorized as income. Income encompasses all earnings obtained from any type of work or business activity, and it can include salaries, wages, and other forms of compensation. The term is broad and encompasses various sources, making it a comprehensive term that fits any regular compensation from employment.

While a paycheck is a physical representation of the income received, it does not capture the broader concept. Profit specifically refers to the earnings obtained from revenue after costs have been deducted, which is not applicable to regular work remuneration in the same way. Commission refers to a specific type of income based on sales or performance, which is not necessarily regular but rather contingent upon specific outcomes or agreements. Hence, categorizing regular earnings as income aligns with the fundamental definition of the term, making it the most appropriate choice.