Trevor restores antique cars and sells them for profit. this is an example of income. a. capital gains b. earned c. hourly d. passive

Hello mate!

Trevor restores antique cars and sells them.

We could assume that Trevor is self employe, and is his job to buy cars and restore them in order to sell them at a bigger price.

Capital gains are the profit from the sale of an asset, for example shares of stock, or a land or something like that. Then capital gains does not apply to this case. (cars dont atract capital gains tax)

Then this type of income can is an earned income, because we can consider this as Trevor's job.

then the prhase is

"Trevor restores antique cars and sells them for profit. This is an example of earned income"

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step-by-step explanation:

step-by-step explanation:

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