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Q: Which of the following options represents the total income earned by individuals from all sources before deducting personal income taxes?
  • A. Disposable Income
  • B. Personal Income
  • C. National Income
  • D. Gross Income
Correct Answer: Option B - Personal Income represents the total income earned by individuals from all the sources before deduction of personal income taxes.
B. Personal Income represents the total income earned by individuals from all the sources before deduction of personal income taxes.

Explanations:

Personal Income represents the total income earned by individuals from all the sources before deduction of personal income taxes.