Types of Income - Deepstash
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Types of Income

  1. Active Income - the most common example of an active income comes in the form of paychecks from your employer 
  2. Passive Income - this type of income is received even without active participation in the business
  3. Portofilio Income - comes in forms of investment divdends and capital gains.

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Active Income

Active Income

This referes to the income received for performing a service. Some examples of active income are: wages, tips, salaries, commissions, and income from businesses that hae material participation.

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melanicampbel

Scientist in research (physical sciences)

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