ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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taxable income
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earned income
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allowance
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investment income
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Detailed explanation-1: -Common examples of interest and dividend income include interest earned on a savings account and dividend earnings from stock and mutual funds. Interest income is typically reported to you on Form 1099-INT (Interest) or Form 1099-OID (Original Issue Discount).
Detailed explanation-2: -In general, net investment income includes, but is not limited to: interest, dividends, capital gains, rental and royalty income, and non-qualified annuities.
Detailed explanation-3: -1 Additionally, interest earned on bank accounts, dividends received from stock owned by mutual fund holdings, and the profits on the sale of gold coins are all considered investment income.
Detailed explanation-4: -Earned or Active Income. What it is: Earned or Active income is the most common way that people are taught to make money. Portfolio or Investment Income. Passive Income. Inherited Income.