Generally, Which of the Following Does Not Correctly Categorize the Type

question 47

Multiple Choice

Generally, which of the following does not correctly categorize the type of income?

• A) Rental real estate − passive income/loss.
• B) Salary − active income/loss.
• C) Dividends − portfolio income/loss.
• D) Capital losses − passive income/loss.
• E) All of the choices are correct.

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Definitions:

Food Fit to Eat

Food that is safe, healthy, and suitable for human consumption according to established standards.

Led Directly

Caused or resulted in something in a straight or unambiguous way, without any intermediaries or diversions.

Strictly Liable

A legal concept where a party is held responsible for damages or losses regardless of fault or intention.

Last Clear Chance

A legal doctrine allowing a plaintiff to recover damages even if they were partly at fault, if the defendant had the last opportunity to avoid the accident.