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)a capital gain.
D)a windfall.

Question

Quizplus · Accepted Answer

Income earned from the sale of an asset for more than you paid for it is classified as a capital gain. Dividend income is income earned from investments such as stocks or mutual funds. Business income is income earned from running a business. A windfall is a sudden large amount of money or unexpected gain.

Income Earned from the Sale of an Asset for More