Which of the following is an example of earning income from capital gains? a. hourly employee earning $17 per hour
b. salaried employee earning $56,000 per year
c. selling a car and making a profit of $3,000
d. selling stocks for a total of $5,000

The correct answer is C

Explanation:

Capital gains is the increase or rise in the capital asset value, which result in higher worth instead of the purchase price. And the gain will not be realized or acknowledged untill the asset is sold.

So, the example of an earning income from the capital gains will be selling the car and the making or earning from selling, profit worth of $3,000.

$2.00 for three shots.

c.

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