How do most people in the United States earn income?
(1 point)
Responses
being paid per hour of labor
being paid per hour of labor
taking money for sales of goods or services
taking money for sales of goods or services
taking a percentage of their corporation’s profits
taking a percentage of their corporation’s profits
being paid a yearly salary for meeting certain objectives
In the United States, people earn income through a variety of methods, but the most common ways are:
1. Being paid per hour of labor: Many workers in the U.S. are hourly employees, meaning they earn a specific amount for each hour worked. This is common in service industries, retail, and entry-level positions in many sectors.
2. Being paid a yearly salary for meeting certain objectives: Many professional and white-collar jobs provide employees with a fixed annual salary regardless of the exact number of hours worked. Salaries are often associated with job responsibilities and meeting certain performance objectives.
The other options you listed also apply to certain groups of individuals, but they are not as widespread as hourly wages and salaries:
3. Taking money for sales of goods or services: This applies to entrepreneurs, business owners, independent contractors, and commission-based roles. They earn income by selling products or providing services.
4. Taking a percentage of their corporation’s profits: This method of income is typically for individuals with equity stakes in a business or investors. Some employees in high-level positions or those working in industries like finance may receive bonuses based on company performance, but this is not the primary method of income for most workers.
Overall, the most typical ways people earn income in the U.S. are hourly wages and annual salaries.