Your employer pays for your cell phone. The monetary value of this cell phone payment is

A) included in your economic income, but not your money income.
B) not included in your economic income, but included in your money income.
C) not included in either economic income or money income.
D) included in both economic and money income.

Economic Income

The sum of an individual's or firm's earnings from various sources, including wages, investments, and other financial gains, adjusted for inflation over a certain period.

Money Income

The total amount of monetary earnings or receipts over a specified period, including wages, salaries, profits, and other financial gains.

Cell Phone Payment

A method of payment using mobile technology to make electronic transactions directly from a cell phone.