Petra meets with Alexandria, an insurance agent, to review her need for income replacement insurance. Petra...
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Petra meets with Alexandria, an insurance agent, to review her need for income replacement insurance. Petra works full-time as a drafting technician for a large design firm where, in addition to her base salary, she receives a substantial annual bonus. Outside of her normal employment, Petra also earns commission income from selling cosmetics. Petra received an inheritance which is invested in a non-registered account and she receives dividends and interest income which also help support her lifestyle. In addition, Petra receives spousal support payments from a previous marriage. Which of the following sources of Petra's income would be considered earned income? i. spousal suppert i. bonus paid annually ii. commission income iv. dividends and interest income i and i i and i i and iv 9 0 Oa) Ob) Oc) Od) i and iv Petra meets with Alexandria, an insurance agent, to review her need for income replacement insurance. Petra works full-time as a drafting technician for a large design firm where, in addition to her base salary, she receives a substantial annual bonus. Outside of her normal employment, Petra also earns commission income from selling cosmetics. Petra received an inheritance which is invested in a non-registered account and she receives dividends and interest income which also help support her lifestyle. In addition, Petra receives spousal support payments from a previous marriage. Which of the following sources of Petra's income would be considered earned income? i. spousal suppert i. bonus paid annually ii. commission income iv. dividends and interest income i and i i and i i and iv 9 0 Oa) Ob) Oc) Od) i and iv
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Answer rating: 100% (QA)
The Correct Option is B ii and iii Explanation A commission is pay based o... View the full answer
Related Book For
Law for Business
ISBN: 978-1259722325
13th edition
Authors: A. James Barnes, Terry M. Dworkin, Eric L. Richards
Posted Date:
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