Which of the Following Would Not Be Income in Respect

question 26

Multiple Choice

Which of the following would not be income in respect of a decedent who dies on January 4?

• A)Interest credited a savings account on January 2 but not withdrawn.
• B)A dividend declared on December 31 payable on January 15.
• C)Salary payable on January 10.
• D)$30,000 in the decedent's 401-K plan.

---

Definitions:

Fixed Costs

Rephrased: Expenses that remain constant regardless of the company's level of production or business activity.

Trucking Department

A specialized division within a company responsible for the management and operation of trucking logistics, including transportation and delivery services.

Peak-Period Requirements

The increased demand or resources needed during the busiest or most active times for a business or service.

Variable Cost

An expense that fluctuates in tandem with the levels of output or sales, such as raw materials and direct labor costs.