Identify Which of the Following Statements Is False

question 55

Multiple Choice

Identify which of the following statements is false.

• A) Taxable pensions and annuities are excluded from the definition of earned income when computing the foreign- earned income exclusion.
• B) An individual meets the bona fide resident test by establishing a home in a foreign country for 330 days.
• C) Earned income is excludable from gross income only if it is foreign- source income.
• D) All of the above are false.

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Definitions:

Nominal Damages

Nominal damages are a small sum of money awarded to a plaintiff in a lawsuit, acknowledging that a legal right has been violated, but no substantial harm was suffered.

Tort

A non-criminal action causing damage or injury to another party, which subjects the wrongdoer to legal accountability through the system of torts.

Compensable Damages

Damages that a plaintiff can recover in a lawsuit, representing monetary compensation for loss or injury.

Punitive Damages

Monetary compensation awarded to a plaintiff, above and beyond actual damages, to punish the defendant for egregious conduct.