Which of the following options represents the total income earned by individuals from all sources before deduction of personal income taxes?
Personal income
Personal income is the total income earned by individuals from all sources, including wages, investments, etc., before the deduction of personal income taxes. Disposable income refers to income after taxes and other deductions. Therefore, the correct answer is Option 2: 'Personal income'.
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______ are imposed on items like cigarettes and alcohol.
