Based on the streams of income that Li Wei has, we can calculate that he has a total passive income of <u>$3,010.</u>
Passive income refers to income that is made without a person actively involving themselves in the activity generating the income.
In this scenario, the passive income sources are:
- Stock dividends
- Business investment interest
- Royalties from a novel
Total passive income therefore is:
= 530 + 1,080 + 1,400
= $3,010
In conclusion, the total passive income is $3,010.
<em>Find out more at brainly.com/question/1246309. </em>
