Business

Trevor restores antique cars and sells them for profit. This is an example of _____ income.
a. capital gains
b. earned
c. hourly
d. passive


Answers

JamieJamieJamie

2 years ago Comment

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.