All of the Following Result in Nontaxable Income Except

question 58

Multiple Choice

All of the following result in nontaxable income except:

• A)Stock dividend
• B)Interest on municipal bonds
• C)Capital gain distribution reinvested in the mutual fund
• D)Distribution identified as a return of capital

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Definitions:

Attribution

The process by which individuals explain the causes of behavior and events, often attributing them to internal dispositions or external situations.

Causal Attribution Theory

Theory of attribution that identifies the cause of a person’s actions as circumstance, a stimulus, or the person himself or herself.

Circumstance

A condition or fact that affects a situation, event, or action.

Stimulus

Anything that causes a response or change in an organism or any part of an organism.