Answer:
x= 4 y=11
Step-by-step explanation:
Answer:
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Answer:
C. Portfolio income
Step-by-step explanation:
We are told that Jack wants to earn some extra income. His friends suggest that he invest in bonds and stocks.
Let us know the meaning of our given income types.
Earned income: The income which is paid for work is called earned income such as salary.
Passive income: The income which is the result from cash flow received on a regular basis is called passive income such as dividend income.
Portfolio income: The income that comes from investments, dividends, interest and capital gains is called portfolio income such as stocks, bonds, mutual funds, and annuities.
Business income: The income that comes from any business activity is called business income. It is also an earned income.
Since the income received from bonds and stocks is called portfolio income, therefore, option C is the correct choice.
Answer:
D
Step-by-step explanation:
