Derrick Was in an Automobile Accident While He Was Going

question 60

Multiple Choice

Derrick was in an automobile accident while he was going to work. The doctor advised him to stay home for eight months due to his physical injuries. The resulting lawsuit was settled and Derrick received the following amounts: How much of the settlement must Derrick include in ordinary income on his tax return?

• A)$0
• B)$80,000
• C)$95,000
• D)$175,000

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Definitions:

Roles

Defined sets of permissions or duties assigned to users or entities in a system, determining what actions they can perform within that system.

NFC

Near Field Communication, a set of communication protocols for communication between two electronic devices over a distance of 4 cm or less.

RFID

Stands for Radio-Frequency Identification, a technology used for the wireless use of electromagnetic fields to transfer data, for the purposes of automatically identifying and tracking tags attached to objects.

Bluetooth

A wireless technology standard for exchanging data over short distances between fixed and mobile devices.