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What is the difference between passive income and active income. The answer to this question is yes. As will be discussed further in my next post the difference between active and passive income is more than a definition and if you physically work to earn the dollar. This could be working in a job where you make a wage salary or tips. So which form of income.
It could also be a sales position where you earn a commission. Active income on the other hand is money earned in exchange for performing a service. For example hourly wages salaries commissions and tips are all examples of active income. And explore ways to make the most of your passive investments.
Understanding passive income vs active income in 2020. Is there a difference between active and passive income. The rules that determine passive income vs active income are set by the internal revenue service irs. A happy life isn t solely about makings lots of money sound investments.
Passive income can be the difference between living comfortably and living well hint.
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