Income earned from the sale of an asset for more than you paid for it is classified as a(n)
A) dividend income.
B) interest 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 income received from owning shares of a company's stock, interest income is income earned from lending money, and a windfall is a sudden, unexpected financial gain.

Income Earned from the Sale of an Asset for More