Friday, July 15, 2011

Raghib teaches mathematics at Camford University and receives $40,000 per year

ECONOMICS

Multiple Choice

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

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