Monique receives a check each month from the tenants living in the townhomes she owns. What type of income is this considered?
A. Earned income
B. Investment income
C. Inheritance income
D. Passive income

Question

24-06-2021
Business

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Monique receives a check each month from the tenants living in the townhomes she owns. What type of income is this considered?
A. Earned income
B. Investment income
C. Inheritance income
D. Passive income

Respuesta :

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300gang251 300gang251 · Answer 1 · 2021-07-09T21:05:02+02:00

300gang251 300gang251

09-07-2021

Answer:

D. Passive income

Explanation:Monique receives a check each month from the tenants living in the townhomes she owns. What type of income is this considered?

Answer Link

VidyaaTech2022 VidyaaTech2022 · Answer 2 · 2022-06-09T07:23:16+02:00

The check received by Monique from the renting party in respect of rental income is treated as passive income.

Option D is the correct answer.

What is a passive income?

Passive income is an active but unearned income that is earned from other alternatives apart from any occupation.

According to the Internal Revenue Service authority of the US, there can be two sources of passive income namely, rental income and the dividends received on stockholdings.

Therefore, passive income is the type of income earned by Monique in the given situation.

Learn more about the passive income in the related link:

https://brainly.com/question/13738552

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Monique receives a check each month from the tenants living in the townhomes she owns. What type of income is this considered? A. Earned income B. Investment income C. Inheritance income D. Passive income

Respuesta :

What is a passive income?

Otras preguntas

Monique receives a check each month from the tenants living in the townhomes she owns. What type of income is this considered?
A. Earned income
B. Investment income
C. Inheritance income
D. Passive income