Multiple Choice
Income earned from the sale of an asset for more than you paid for it is classified as
A) dividend income.
B) business income.
C) capital gain.
D) windfall.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q27: Jerome is recently divorced and has two
Q35: Your earnings for last year were $42
Q35: You have a salary of $30 000,an
Q40: Tuition,pension,and age amount credits can be transferred
Q45: Organizing your records to take advantage of
Q52: When considering allocating funds to a TFSA
Q55: A capital gain results from profit on
Q59: If George is 65 and in a
Q60: Knowledge of individual income taxes is somewhat
Q71: Miranda is 35 and her tax planning