The Discharge of Certain Student Loans Is Excluded from Income

question 97

Multiple Choice

The discharge of certain student loans is excluded from income if all of the following are present except for

• A)the loan must have been made by governmental,educational,or charitable organizations.
• B)the loan proceeds must have been used to pay the cost of attending an education institution or used to refinance outstanding student loans.
• C)the loan forgiveness must be contingent upon the individual's working for a specified period of time in certain professions.
• D)the loan forgiveness is based on age.

---

Definitions:

Reality

The state of things as they actually exist, as opposed to how they may appear or may be thought to be.

Oral Communication

The process of expressing information or ideas through spoken words.

Major Points

Major Points are the primary or most important ideas, facts, or arguments presented in a discussion or document.

Two-way Exchange

A process in which information or resources are reciprocally shared or traded between parties.