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12-02-2020
Computers and Technology

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Under the Internal Revenue Code, royalty income from books, plays, or magazine articles, is reported as: A earned income B active income C passive income D portfolio income

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Adematae Adematae

13-02-2020

Answer:

A. Earned Income

Explanation:

Earned income is any cash consideration for the sale, sublicensing and disposition of a product so therefore royalty income from books, plays and Magazine articles also fall into the category.

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