Asked by Charles Myles on May 16, 2024
Verified
Property income generally takes the form of all of the following except
A) transfer payments.
B) interest.
C) profits.
D) dividends.
Property Income
Income from the ownership of real estate, tangible and intangible property, such as rentals, royalties, and dividends.
Transfer Payments
Financial payments made by governments that do not require an exchange of goods or services in return.
- Comprehend the significance and variations of income derived from property.
Verified Answer
TE
Taylor EvansMay 20, 2024
Final Answer :
A
Explanation :
Transfer payments are not considered property income because they are typically payments made by the government to individuals without any goods or services being exchanged in return, such as social security benefits or unemployment benefits. In contrast, interest, profits, and dividends are all forms of income generated from the ownership of property or capital.
Learning Objectives
- Comprehend the significance and variations of income derived from property.