Indicate Whether Each of the Items Listed Below Would Be

question 97

Multiple Choice

Indicate whether each of the items listed below would be (a) included in gross income or (b) excluded from gross income for the 2019 tax year.
-Receipt of alimony in 2019 from a 2016 divorce

• A)Included
• B)Excluded

---

Definitions:

State Industries

Industries that are owned, controlled, or heavily regulated by government entities to provide public services or goods.

Central Banks

National institutions tasked with overseeing a country's currency, money supply, and interest rates, and supervising its banking system.

Developing Countries

Nations with relatively lower levels of industrialization, lower standards of living, and often a lower Human Development Index (HDI) compared to developed countries.

Direct Cash Transfers

A form of financial aid where money is given directly to individuals, typically by the government, without any intermediary goods or services.