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In Business / College | 2025-07-03

Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of:
a. capital gains
b. earned
c. hourly
d. passive income

Asked by Hrkrhdydintbvhg

Answer (2)

Byron's money comes from buying and selling stocks, which is classified as capital gains . Capital gains are profits realized from selling an asset above its purchase price. This is distinct from earned, hourly, or passive income. ;

Answered by GinnyAnswer | 2025-07-03

Byron's income from buying and selling stocks is categorized as capital gains, which are profits from selling assets at a higher price than the purchase price. Other income types, such as earned, hourly, and passive income, do not apply to Byron's situation. Therefore, the correct answer is capital gains.
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Answered by Anonymous | 2025-07-04

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