Examples of Income Which Are Constructively Received Include All of the Following

question 9

Multiple Choice

Examples of income which are constructively received include all of the following except

• A)interest credited to a savings account.
• B)a check received after banking hours.
• C)a paycheck received from employer,when employer does not have funds in the bank to cover the check.
• D)dividends automatically reinvested in additional shares of the mutual fund.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or the volume of output.

Fixed Costs

Costs including rent, salaries, and insurance that stay the same regardless of production or sales amounts.

Variable Costs

Costs that fluctuate with the level of production or sales volume, such as materials and labor.

Fixed Costs

Expenses that do not change in total regardless of changes in the volume of goods or services produced or sold.