Elisha is a photographer and charges a set fee to photograph weddings. This is an example of ___ income. a. capital gains b. earned c. hourly d. passive Please select the best answer from the choices provided A
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Bonus Knowledge
Elisha's income from photographing weddings is best described as earned income. This is because earned income refers to money received for work or services performed. It contrasts with income generated from investments or passive sources, making it a direct reward for his skills and efforts as a photographer. In the world of photography, especially wedding photography, it's essential to communicate with clients effectively. Clear contracts outlining services, fees, and expectations can prevent misunderstandings and ensure smooth operations. Many photographers also diversify their income by offering additional services like photo albums or prints, enhancing their overall earnings.
