Which items make up gross income?

Which items make up gross income?

• A. Investment Income only
• B. Loan Income, Investment Income, Fee Income, and Other Income
• C. Fees and Rent
• D. Loan Income only

Answer: (B)

Gross income is the total revenue a credit union earns from all sources before expenses, so it includes loan income (interest on loans), investment income (earnings from investments), fee income (service charges and fees), and other income (miscellaneous sources). Because it covers all these streams, listing Loan Income, Investment Income, Fee Income, and Other Income captures the full picture. The other options miss one or more revenue sources, so they don’t reflect all gross income.

Gross income is the total revenue a credit union earns from all sources before expenses, so it includes loan income (interest on loans), investment income (earnings from investments), fee income (service charges and fees), and other income (miscellaneous sources). Because it covers all these streams, listing Loan Income, Investment Income, Fee Income, and Other Income captures the full picture. The other options miss one or more revenue sources, so they don’t reflect all gross income.