The Discharge of Certain Student Loans Is Excluded from Income

question 97

Multiple Choice

The discharge of certain student loans is excluded from income if all of the following are present except for

• A)the loan must have been made by governmental,educational,or charitable organizations.
• B)the loan proceeds must have been used to pay the cost of attending an education institution or used to refinance outstanding student loans.
• C)the loan forgiveness must be contingent upon the individual's working for a specified period of time in certain professions.
• D)the loan forgiveness is based on age.

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Definitions:

Brachial Plexus

The brachial plexus is a network of nerves that originates from the spinal cord in the neck and travels down the arm, providing motor and sensory functions to the upper limb.

Phrenic Nerve

A nerve that originates in the neck and passes down between the lung and heart to reach the diaphragm, playing a crucial role in breathing by stimulating the diaphragm to contract and relax.

Cervical Plexus

A network of nerves in the neck that provides sensory and motor function to parts of the head, neck, and shoulders.

Cervical Nerves

The nerves that emerge from the cervical vertebrae in the neck and are involved in motor and sensory functions of the neck, shoulders, arms, and hands.