What qualifies someone as an accredited investor?

Question

Quizplus · Accepted Answer

An accredited investor is defined by the Securities and Exchange Commission (SEC) as an individual with a net worth of over $1 million (excluding primary residence) or income over $200,000 ($300,000 for married couples) in each of the past two years with the expectation of earning the same during the current year. Option A does not consider any financial criteria, and options B and D only consider net worth and not income.

What Qualifies Someone as an Accredited Investor