Which One of the Following Items Is Not Considered Gross

question 64

Multiple Choice

Which one of the following items is not considered gross income for tax purposes?

• A)gambling winnings
• B)illegal income
• C)face amount of life insurance received due to the death of the insured
• D)cash dividends

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Definitions:

Major Differences

Significant disagreements or points of contention between negotiating parties that need to be addressed for an agreement to be reached.

Mediator Behaviors

The actions and approaches taken by mediators to facilitate discussions and negotiations towards resolutions.

Demonstrating Empathy

The act of showing understanding and sharing the feelings of another individual, which can facilitate communication and relationship building.

Displaying Expertise

Demonstrating or showcasing one's skills, knowledge, or proficiency in a particular area or field.