Steve Worked as a Tech Supervisor for a Computer Company

question 12

Multiple Choice

Steve worked as a tech supervisor for a computer company. In September of 2015, he was laid off. He was paid unemployment compensation for the rest of the year totaling $7,000. Which of the following is true?

• A)Steve will have to report all $7,000 of the unemployment compensation as income.
• B)Steve will have to report $4,600 of the unemployment compensation as income.
• C)Unemployment compensation is never taxable.
• D)As long as the unemployment compensation payments are less than the taxpayer's previous salary, they are not taxable.
• E)None of the above is true.

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Definitions:

Circadian Theory

A concept pertaining to the biological processes that follow a roughly 24-hour cycle, affecting various physiological and psychological functions.

Alexander Borbely

A scientist known for his work on sleep research, particularly for developing the two-process model of sleep regulation.

Restorative Theory

A theory postulating that sleep is essential for restoring physiological and psychological functions.

Melatonin Theory

suggests that the hormone melatonin plays a crucial role in regulating sleep-wake cycles, mood, and possibly aging and immune functions.