While Payments Received Because a Person Has Been Physically Injured

question 61

True/False

While payments received because a person has been physically injured are excluded from gross income,payments on account of non-physical injury must be included in gross income.

---

Definitions:

Underutilizing

Not making the most effective or efficient use of a resource, person, or capability.

Overloading

A situation where an individual or system is given more work or information than can be handled comfortably or efficiently.

Skill Set

A collection of skills and abilities that an individual possesses, which can be applied in various jobs, tasks, or projects.

Realistic Goals

Objectives set that are achievable and based on practical considerations of actual conditions.