Identify the Following with an E If All or Part

question 22

Short Answer

Identify the following with an E if all or part of the item could be an exclusion from gross income or D if all or part of the item could be a deduction.
-Identify the following with an E if all or part of the item could be an exclusion from gross income or D if all or part of the item could be a deduction.
_____ a. Scholarship
_____ b. Medical expense
_____ c. Charitable contribution
_____ d. Life insurance proceeds
_____ e. Inheritances
_____ f. State income taxes
_____ g. Tax exempt interest
_____ h. Student loan interest
_____ i. Social Security benefits
_____ j. The value of food stamps
a. Scholarship _____
f. State income taxes

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Definitions:

Logistics

The process of planning, implementing, and controlling the efficient, effective forward, and reverse flow and storage of goods, services, and related information from point of origin to point of consumption.

Return Component

An element of a system or device that is designated to be sent back to the manufacturer or repair center for refurbishment, repair, or recycling.

SCM

Supply Chain Management (SCM) is the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Inventory

Inventory refers to the total amount of goods and materials held in stock by a business, warehouse, or storage facility.