Which of the Following Types of Income Are Not Considered

question 13

Multiple Choice

Which of the following types of income are not considered ordinary income?

• A)Compensation income.
• B)Net long-term capital gains (in excess of short-term capital losses).
• C)Qualified dividend income.
• D)Both compensation income and qualified dividend income.
• E)Both net long-term capital gains (in excess of short-term capital losses)and qualified dividend income.

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Definitions:

Price Elasticity

Quantifying the relationship between price changes and demand response for a product.

Total Expenditures

The sum amount of spending on goods and services by individuals, businesses, or the government within a specific period.

Flash Floods

Rapid flooding of geomorphologic low-lying areas, caused by heavy rain or other sudden water release.

Total Expenditures

The sum amount of all spending or expenses incurred by an individual or entity within a specific period.