12
QuizMultiple Choice

N/A — Exam

Question 12 • Advanced Financial Algebra

A retiree rents out his vacation home to earn extra money. What type of retirement income is this?

Answer
A
dividend income
B
interest income
C
supplemental income
D
lifetime income

Explanation

Rent collected from a vacation home is extra money beyond the retiree’s usual retirement benefits, so it is supplemental income. Dividend income comes from owning shares in a company, and interest income comes from savings or lending money. The correct choice is supplemental income.

AI-written and checked against the verified answer.

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