Homework Answers
answer)d. eaned $550000 and unearned $28000
explanation:
1)earned income:-earned income is the money which make in exchange for the work done.here it includes wages $30000+business income $20000+materially participating partnership income $5000=$55000.
2)unearned income involves the money that make without having performed a professional service.here it icludes interest income $10000+dividend $3000+rental property $15000=$28000.
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