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:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Economies of Scope

Cost advantages that enterprises obtain due to a broad range of products rather than specializing in a single product or service, enabling more efficient use of shared resources.

Routing Flexibility

The ability to adjust and optimize the paths that products take from origin to destination in response to changing conditions or requirements.

Work Centers

Specific locations in a manufacturing facility where certain processes or operations are performed.