Which of the following is classified as active income? a. Self-employment income from a small business. b.

Question:

Which of the following is classified as active income?

a. Self-employment income from a small business.

b. Interest income.

c. Limited partnership income.

d. Dividend income from a mutual fund.

e. a. and d.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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