A Click Submit to complete this assessment

Accounting Dec 25, 2020

A Click Submit to complete this assessment. Question 5 Which of the following is not an ordinary income? a. Royalties b. Business income (income from business activities) c. Personal services Income bonly a only band c a and be ho 1. Click Submit to complete this assessment. Need! Works Online tha

Expert Solution

answer:

Option 4th is correct as royalties and income from business activities are income from business and profession. These incomes are not ordinary income but personal service income is an ordinary income.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote