Examlex
Classify and briefly explain the proper classification for each of the income-generating activities below.The classifications are either,"active," "passive," or "portfolio."
a.Ford Motor Company Bond interest.
b.Commissions earned from insurance sales.
c.Sale of Microsoft common stock held as an investment.
d.Income from a limited partnership investment.
e.Rental income from an apartment building and the individual owner does not qualify as a real estate professional.
f.Gain from the sale of rental real estate and the individual owner does not qualify as a real estate professional.
Income Inequality
The unequal distribution of income and wealth among individuals or groups within a society.
Consumption Patterns
The tendencies or habits of consumers in acquiring and using goods and services over time.
Economies Of Scale
A situation where the cost per unit of output decreases as the scale of production increases.
Income Inequality
The unequal distribution of income among individuals or households in an economy, leading to various social and economic issues.
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