padraig is a financial advisor. he earned a salary of $80,000 last year and sold stocks for $5,000. which of…

padraig is a financial advisor. he earned a salary of $80,000 last year and sold stocks for $5,000. which of the following types of income did padraig have? i earned income ii passive income iii capital gains income a. i and ii b. i and iii c. ii and iii d. iii please select the best answer from the choices provided

padraig is a financial advisor. he earned a salary of $80,000 last year and sold stocks for $5,000. which of the following types of income did padraig have? i earned income ii passive income iii capital gains income a. i and ii b. i and iii c. ii and iii d. iii please select the best answer from the choices provided

Answer

Brief Explanations:

Earned income is money received from working, like a salary, which Padraig has. Capital - gains income is the profit from selling assets like stocks, which is the $5,000 from selling stocks. Passive income is from rental properties, limited partnerships etc., and there is no indication Padraig has that type of income.

Answer:

B. I and III