17. which of the following is an example of earning income from capital gains? hourly wage of $15 per hour…

17. which of the following is an example of earning income from capital gains? hourly wage of $15 per hour salaried employee earning $70,000 a year selling stocks and earning $5000 selling a car and making a profit of $3000 clear all

17. which of the following is an example of earning income from capital gains? hourly wage of $15 per hour salaried employee earning $70,000 a year selling stocks and earning $5000 selling a car and making a profit of $3000 clear all

Answer

Brief Explanations:

Capital gains are profits from selling assets like stocks, real - estate, etc. Hourly wage and salary are earned income from labor. Selling a car for profit can be a capital gain in some cases, but selling stocks is a classic example of capital gains income in a financial context.

Answer:

C. Selling stocks and earning $5000