Which of the Following Is Not Excluded from Income

question 92

Multiple Choice

Which of the following is not excluded from income?

• A)public assistance payments
• B)fair market value of prize won on a game show
• C)gifts and inheritances
• D)life insurance proceeds paid by reason of death

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Definitions:

Venture Capitalists

Investors who provide capital to start-ups and early-stage companies with potential for high growth, typically in exchange for equity.

Startup

An entrepreneurial venture typically in the early stages of operations, often innovation-driven and aiming to meet a marketplace need by developing a viable business model around a product, service, process, or platform.

Lemon

In economic terms, refers to a product, especially a used car, that is found to be defective only after it has been bought.

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study (classroom work and reading).