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Taxation, 2011 Bar — Question 18

Taxation
2011 BarTaxationQ. 18

MULTIPLE CHOICE

Passive income includes income derived from an activity in which the earner does not have any substantial participation. This type of income is (A) usually subject to a final tax. (B) exempt from income taxation. (C) taxable only if earned by a citizen. (D) included in the income tax return.

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