Which One of the Following Items Is Not Considered Gross

question 1562

Multiple Choice

Which one of the following items is not considered gross income for tax purposes?

• A) cash dividends
• B) face amount of life insurance received due to the death of the insured
• C) illegal income
• D) gambling winnings

---

Definitions:

Tactical

Relating to or constituting actions carefully planned to gain a specific military, business, or personal advantage.

Creative Team

A group composed of individuals with diverse skills and backgrounds, collaborating to produce innovative and original outcomes.

Intuitive Skills

The ability to understand or know something immediately, based on feelings rather than conscious reasoning or factual knowledge.

Task-management Skills

The abilities related to effectively organizing, prioritizing, and executing tasks to achieve specific objectives.