Question

Li Wei has several streams of income, as shown in the table. Some streams are active income and some are passive.

Answer 1

Based on the streams of income that Li Wei has, we can calculate that he has a total passive income of $3,010.

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.

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