Answered

Type the correct type of income for each example in the correct box.

Wages
- Earned

Salary
- Earned

Commission
- Earned

Rent
- Passive

Interest on bonds
- Portfolio

Alimony
- Passive

Retirement Accounts
- Retirement

Unemployment
- Passive

Business Profit Income
- Earned

Earnings from selling
- Passive

Tips
- Earned

Bonus
- Earned

Employment
- Earned

Inheritance
- Passive



Answer :

GinnyAnswer

Final answer:

Income can be classified into Earned, Portfolio, and Passive categories depending on its source. Earned income includes wages, salary, and tips, while Portfolio income consists of interest on bonds, alimony, and retirement accounts. Passive income includes rent, business profit income, earnings from selling, and inheritance.


Explanation:

Earned Income: Wages, Salary, Commission, Tips, Bonus, Employment

Portfolio Income: Interest on Bonds, Alimony, Retirement Accounts, Unemployment

Passive Income: Rent, Business Profit Income, Earnings from Selling, Inheritance


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