Which of the following types of income is property income? A: the net income a proprietor...

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Which of the following types of income is property income? A: the net income a proprietor...

Which of the following types of income is property income?

A: the net income a proprietor receives from operating a retail store

B: capital gains realized on the sale of shares of a publicly traded corporation

C: wages received by an employee

D: royalties received by an individual for a company using a patent developed by the individual

business accounting

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Answer 1

Answer #1

Ans: option D,

royalties received by an individual for a company using a patent developed by the individual.

since royalties as property , income from royalties are property income.

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Answer 2

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