Which of the Following Items Will Result in an Inclusion

question 93

Multiple Choice

Which of the following items will result in an inclusion in gross income?

• A)Receipt of a $10,000 check from the bank.The check is for a student loan.
• B)Receiving a $10,000 award from a university for high grades and high SAT scores.The award is used to pay tuition.
• C)Preparing a mechanic's tax return in exchange for the mechanic replacing the muffler on your car.
• D)None of the above will be included in gross income.

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Definitions:

State Government

The organization through which a state exercises its authority, conducts policy, and manages public affairs within its territory.

Lincoln's Reconstruction

Refers to the period following the Civil War during which plans and actions, influenced by President Abraham Lincoln, were initiated to reintegrate the Southern states into the Union and rebuild the South.

Union Veterans

Refers to soldiers who fought for the Union (the Northern states) during the American Civil War, whose service led to the preservation of the United States and the abolition of slavery.

Black Members

Refers to individuals of African descent who are part of a particular group, organization, or body.