Income, Benefits, & Taxes
People receive income from working (wages and salaries). They can also receive income from other sources, such as investments (interest and dividends). Another source of income may be government transfer payments, which help people who not have enough income to pay for basic needs. Workers also receive benefits such as paid vacations and sick leave. These benefits such as paid vacations and sick leave. These benefits are part of the total compensation package. Various types of taxes are levied in this country, including income taxes on earnings.