The Definition of Passive Income Is

question 30

Multiple Choice

The definition of passive income is

• A)income received from one's investments and savings.
• B)sufficient means to support oneself.
• C)income received on a regular basis with little effort required to maintain it.
• D)income received after putting in overtime.

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Definitions:

Revenues

Income generated from business activities or services before any expenses are deducted.

Expenses

Costs incurred in the operation of a business or the execution of a task.

Trust Accounts

Financial accounts held by a trustee for the benefit of a third party according to the terms of a trust agreement.

Gross Earnings

The total amount of money earned by an individual or company before any deductions such as taxes or benefits.