Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
38th Edition
ISBN: 9780357391129
Author: WHITTENBURG
Publisher: Cengage
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Chapter 6, Problem 11P
To determine

Concept Introduction:

Unearned Income: Unearned income is an income that arises from other sources or investments that are not related to employment. The dividend, stock, and interest from a bank account are examples of unearned income.

To explain: The tax on the unearned income

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