Income earned from the sale of an asset for more than you paid for it is classified as
A)dividend income.
B)business income.
C)capital gain.
D)windfall.

Question

Quizplus · Accepted Answer

Income earned from the sale of an asset for more than you paid for it is known as a capital gain. Dividend income is earned from owning stocks and receiving a portion of the company's profits. Business income is earned from operating a business. Windfall refers to an unexpected large sum of money, which may include capital gains but is not specific to it.

Income Earned from the Sale of an Asset for More