All of the Following Items Are Generally Excluded from Income

question 2060

Multiple Choice

All of the following items are generally excluded from income except

• A) child support payments.
• B) interest on state and local government bonds.
• C) interest on corporate bonds.
• D) life insurance proceeds paid by reason of death.

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Definitions:

Memorization

The process of committing information to memory for recall and recognition at a later time.

Puberty

The developmental stage during which children's bodies begin to develop and change into adult bodies, capable of sexual reproduction, marked by hormonal changes and physical growth.

Prepubescent

Describes a phase in human development immediately preceding puberty, during which sexual features are not yet developed.

Lower-Than-Normal IQ

A measure of cognitive ability that is significantly below the average score for the population.