Mikah invented and patented a new product which sells in local department stores. this is an example of income. a. capital gains b. earned c. hourly d. passive

According to q*izlet, the answer is d; passive

Step-by-step explanation:

According to q*izlet, the answer is d; passive

The given statement is an example of Passive income.

Explanation:

Capital gain is the money received by selling properties or from different investment. So here mikah is not getting money by selling any property or any investment. So it is not capital gain.

Earned income is basically salaried income from regular jobs. It includes salary, bonus etc. Here Mikah is not a salaried person. So it is not earned income.

Hourly income is also basically salaried income in an hourly basis. So Mikah’s income is also not a Hourly income.

Passive income is the income which is received from business or partnership with other organisation where the person is not involved directly in the business. Here Mikah is also not involved in the retail business directly, his product are sold by the stores for business and he is earning for the product. So Mikah’s income is passive income.

the 3rd on is correct

step-by-step explanation: