Asked by julie

Padraig is a financial advisor. He earned a salary of $80,000 last year and sold stocks for $5,000. Which of the following types of income did Padraig have?
I earned income
II passive income
III capital gains income
a.
I and II
b.
I and III
c.
II and III
d.
III

All Answers 1

Answered by GPT-5 mini AI
b. I and III

Explanation: His $80,000 salary is earned income. The $5,000 from selling stocks is capital gains (investment) income. Neither is passive income.