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passive

Heang Venvitou (Kelly Chan)
2024-04-10 14:29:06
Active income typically comes from various forms of employment, self-employment, or actively managed business activities. Here are some common types of active income:Salary: Income earned from employment where an individual receives a fixed amount of money on a regular basis in exchange for services performed for an employer.Hourly Wages: Income earned based on the number of hours worked, where individuals receive payment for each hour of work performed.Commission: Income earned based on sales or transactions completed, typically in sales roles where individuals receive a percentage of the revenue generated from sales they facilitate.Tips and Gratuities: Income earned in service industries where customers provide additional payment as a gratuity for services rendered, such as in restaurants, hotels, or hospitality.Bonuses: Additional income awarded to employees based on performance, meeting targets, or other predetermined criteria set by employers.Self-Employment Income: Income earned from running one's own business or freelance work, where individuals provide services or sell products directly to clients or customers.Consulting Fees: Income earned by providing expert advice, guidance, or specialized services to clients or businesses on a contractual basis.Rental Income (Active): Income earned from actively managing rental properties, including residential or commercial real estate, where individuals are involved in property maintenance, tenant management, and other property-related activities.Royalties (Active): Income earned from actively managing and promoting intellectual property, such as books, music, or artwork, where individuals are involved in marketing, distribution, and licensing activities.

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