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

---

Definitions:

Open-Ended

Pertaining to questions, discussions, or formats that allow for a wide range of responses or outcomes, without a fixed limit or structure.

Yes Or No

A type of question or decision that requires a simple affirmative or negative response.

Misdiagnosis

The incorrect identification of a disease or condition, leading to inappropriate treatment or management.

Pertinent Information

denotes relevant or applicable data and facts directly related to a specific matter or situation.