Which of the Following Items Will Result in an Inclusion

question 8

Multiple Choice

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

• A)A 10% stock dividend for all shareholders is declared by the board of directors of a publicly-traded corporation.Mel receives 10 shares of stock worth $1,000.
• B)Due to the discovery of oil beneath Finn's land,the value of Finn's land increases $1,000,000.
• C)Jane receives a check from her stock broker for $50,000 due to the sale of stock purchased five years ago for $60,000.
• D)George won $50 at his church's bingo game night.

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Definitions:

Rewards

Benefits, both tangible and intangible, given to individuals or groups as recognition for their efforts and achievements.

Timeliness

The quality of being done or occurring at a favorable or useful time; appropriateness to the time or occasion.

Performance Contingency

The concept that employee performance outcomes are contingent upon certain conditions or factors.

Equity

The concept of fairness or justice in the way people are treated within various contexts, or in finance, the ownership interest in a company as represented by stocks or shares.