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Trevor restores antique cars and sells them for profit. This is an example of _____ income.

a. capital gains
b. earned
c. hourly
d. passive

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User Avtandil
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2 Answers

1 vote

Answer: A on EDG2020

Step-by-step explanation:

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User Lonnie Best
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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.
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User Exexzian
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