IELTS Academic Writing Task 1 Practice Test

Which term is money you earn by working, investing, or producing goods?

income earnings salary revenue

Correct Answer:

income

Explanation:

Money you earn by working, investing, or producing goods is best described as income. Income is the broad term for money received over a period from any source—wages and salaries, profits from a business, interest or dividends from investments, rents, and more. It captures all the ways someone can bring money in, not just one specific source. Earnings is similar but more specific, often used to refer to money earned from work or from investments, sometimes within a particular context. Salary denotes a fixed regular payment from an employer, and revenue refers to the total income a business collects from selling goods or services, not an individual's earnings. Example: "Her income comes from a salary plus investment dividends."

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