question numbers. income, capital, three, expense, liabilities, interest, asset, four 3.1 The government has $$ \qquad $$ levels 3.2 Equipment is an/a. $$ \qquad $$ of the business 3.3 Rent paid is an/a.. $$ \qquad $$ for business. 3.4 The monies owed by a business to others are known as. $$ \qquad $$ 3.5 Monles received by the business is known as... $$ \qquad $$

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Let's fill in the blanks based on the context of business and finance:

3.1 The government has **three** levels.

3.2 Equipment is an/a **asset** of the business.

3.3 Rent paid is an/a **expense** for business.

3.4 The monies owed by a business to others are known as **liabilities**.

3.5 Monies received by the business is known as **income**.

Here’s a summary of the answers:
- 3.1: three
- 3.2: asset
- 3.3: expense
- 3.4: liabilities
- 3.5: income
3.1 three 3.2 asset 3.3 expense 3.4 liabilities 3.5 income

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