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17.07.2022 - 18:33

Padraig is a financial advisor. He earned a salary of $80,000 last year and sold stocks for $5,000. Which of the following types of income did Padraig have? (Select all that apply.) a. earned income b. passive income c. capital gains income

Question:

Padraig is a financial advisor. He earned a salary of $80,000 last year and sold stocks for $5,000. Which of the following types of income did Padraig have? (Select all that apply.)

a. earned income

b. passive income

c. capital gains income

Answers (1)

Vernice April 1, 2023 в 21:49

The types of income that Padraig had are: a. Earned income: This is income earned through salary or wages. Padraig earned a salary of $80,000 last year, so he had earned income. c. Capital gains income: This is income earned when an asset is sold for more than its purchase price. Padraig sold stocks for $5,000, so he had capital gains income. b. Passive income: This is income earned from rental properties, investments, or business ventures in which the recipient is not actively participating. There is no information in the given scenario to suggest that Padraig had any passive income. Therefore, he did not have passive income.

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