Which of the following is/are unearned income?

• A. (ii) and (iii) only
• B. (iii) only
• C. (i) and (ii) only
• D. (i), (ii) and (iii)

Answer: (C)

Unearned income is money you receive without actively working for it—things like interest, dividends, rents, and other investment or property income. Earned income comes from providing labor or services, such as wages or business profits.

In this set, the first two items are unearned because they come from investments or ownership rather than work. The third item is earned because it arises from performing work or services. Therefore, the correct conclusion is that only (i) and (ii) are unearned.