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14 January, 16:15

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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  1. 14 January, 16:59
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    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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