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Trevor restores antique cars and sells them for profit.

This is an example of _____ income. a. capital gains b. earned c...

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Trevor restores antique cars and sells them for profit.

This is an example of _____ income.
a. capital gains
b. earned
c. hourly
d. passive

Answer

Trevor restores antique cars and sells them for profit.
This is an example of CAPITAL GAINS income.
Capital Gain is a profit earned from the sale of a property or an investment.
It is not only limited to vehicles.
It is also applicable to real estate sales.
Every Capital Gain has its corresponding taxes to be paid to the government.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 25 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 60 views.

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