Multiple Choice QuestionInvestment income in the form of dividends, interest, and rent from investments is also called (found in discussion of types of income) Blank______.Multiple choice question.portfolio incomeearned incomepassive income
Question
Multiple Choice QuestionInvestment income in the form of dividends, interest, and rent from investments is also called (found in discussion of types of income) Blank______.Multiple choice question.portfolio incomeearned incomepassive income
Solution
The answer is portfolio income. This type of income is derived from investments such as dividends, interest, and rent. Earned income refers to wages, salaries, tips, and other taxable employee pay, while passive income is the earnings an individual derives from a rental property, limited partnership, or other enterprise in which he or she is not actively involved.
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