
Simply means over a given period of time you have done a service such as working for a cooperation in which you receive a restricted amount of money given to us by the company. Before you are paid however, Federal Taxes, Social Security, State and local taxes are taken from your check. You get what is left. You invest your time, you work for your money.
2 Comments:
Great explaination! The question to ask yourself is 'When I'm sleeping, am I making money?' If the answer is YES, you have recurring income.
Monica
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nice post.
Nabil
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