Income Earned from the Sale of an Asset for More

question 109

Multiple Choice

Income earned from the sale of an asset for more than you paid for it is classified as a(n)

• A) dividend income.
• B) interest income.
• C) capital gain.
• D) windfall.

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Definitions:

Expensive

Characterized by high price or considerable cost, typically in relation to the value or perceived value of an item or service.

Infrequently Purchased

Items or services bought rarely, often due to high cost, long lifespan, or less frequent need.

Reference Groups

Social groups that individuals compare themselves to for guidance in developing their own attitudes, values, and behaviors.

Wedding Decisions

Choices and plans made regarding the organization, theme, venue, and other aspects of a wedding ceremony and reception.