Question

Using the income approach, we have four categories
of payments to individuals:

Answer 1

The subject of this question is Social Studies. It discusses the income approach and four categories of payments to individuals, namely corporate income tax on profits, individual income tax on salary, and payroll tax deducted from wages.

Step-by-step explanation:

The subject of this question is Social Studies. It is discussing the income approach and four categories of payments to individuals. The income approach is a method used to calculate the value of an economic activity by measuring the income generated from the activity. In the context of taxation, the income approach focuses on the different types of payments individuals receive. These include wages, salaries, profits, and other forms of income. In the given context, the four categories of payments to individuals are corporate income tax on profits, individual income tax on salary, and payroll tax deducted from wages.