Rick made $33000 last year he also made $3000 selling vases at craft shows.which part of rick income is fixed income?
If he made 33,000 just by breathing and having his heart pumping, that is fixed income.
It's $3000 because that is what he gained for every shows
To determine which part of Rick's income is fixed income, we need to understand what fixed income refers to. Fixed income refers to the portion of a person's income that remains relatively stable or steady over a specific period, usually with little to no volatility.
In Rick's case, we have two sources of income: the $33,000 he made last year, and the $3,000 he made by selling vases at craft shows. To determine which part of his income is fixed, we need to analyze the stability of both sources.
First, let's consider the $33,000 Rick earned. If this amount remains consistent year after year or follows a predictable pattern, it would be considered a fixed income. However, without further information on Rick's employment or business, it is difficult to determine if this amount is indeed fixed.
On the other hand, the $3,000 Rick made from selling vases at craft shows does not appear to be fixed income. Since it depends on the number of vases sold and the success of the craft shows, this amount is likely to vary from year to year and has a certain level of volatility.
To summarize, based on the information provided, it is not clear which part of Rick's income is fixed. Without additional details about his employment or business, we cannot determine if his $33,000 income is fixed, while the $3,000 from selling vases is likely to be variable or non-fixed income.