101
QuizMultiple Choice

Topic Test

Question 101 • 26.27 TCEC FINANCIAL LIT

Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of _____ income.

Answer
A
capital gains
B
earned
C
hourly
D
passive

Explanation

Income Byron earns from selling stocks for more than he paid is called a capital gain. It is not hourly or earned income from wages, so the correct choice is capital gains.

AI-written and checked against the verified answer.

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