Transcribed Image Text
Earned income and capital gains (or "portfolio income") are acquired in different ways. Which statement describes how they are different?a. Earned income and capital gains are both based on the number of hours you work.b. Earned income is payment for employment, while capital gains are produced by yourinvestments.c. Capital gains are received if you manage the company, but earned income is received if youare an employee of the company.Earned income is when you make the investment directly, but capital gains are whensomeone else has managed your investments.d. Please select the best answer from the choices provided
Other questions asked by students
Suppose a vertical pipe is to be used as part of a system to manually cycle...
Consider the difference equation y3y 1 3 with initial condition yo4 Give the values of...
5. You buy some furniture for $5400 (taxes included). You can pay the $5400 in...
In the last 6 months, demand for one of Appleby Company's products has dropped off...
Amy Corp. has $300,000 of 12% bonds callable at 102, with a remaining 10-year term,...