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The income households actually receive before they pay personal income taxes is false.

Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and its definition varies from region to region.

The definition of income is the amount of money received by an individual, group, or business during a specified period. An example of income is an annual salary of $70,000.

Income provides financial resources to influence decisions about housing, education, child care, nutrition, health care, and more. Wealth, the accumulation of savings and wealth, helps to soften and protect us in times of economic hardship. As income and wealth rise and fall, so does health.

Learn more about income here:https://brainly.com/question/25641320

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