Kyle just started college. He also decided to establish a personal budget, but he’s unsure of how to categorize his income and expenses. For example, he’s unsure how to categorize the extra money he earns and saves each month. How should it be categorized?

(1 point)
Responses

as earned income

as earned income

as a monthly expense

as a monthly expense

as unearned income

as unearned income

as a pre-tax expense

The extra money Kyle earns and saves should be categorized as unearned income.