Bernie Is a Former Executive Who Is Retired

question 45

Multiple Choice

Bernie is a former executive who is retired. This year Bernie received $180,000 in pension payments and $10,600 of Social Security payments. What amount must Bernie include in his gross income?

• A)$180,000
• B)$185,300
• C)$189,010
• D)$190,600
• E)$0

Understand the principles and practices of critical thinking.

Identify factors influencing academic performance and attendance.

Grasp effective strategies for taking different types of tests and improving academic skills.

Recognize the role and characteristics of different psychological perspectives and their practitioners.

---

Definitions:

Article 3

A section of the U.S. Constitution that establishes the judicial branch of the federal government, outlining the powers and structure of the Supreme Court and other federal courts.

Negotiable Instruments

Financial instruments, such as checks, promissory notes, and bills of exchange, that contain an unconditional promise or order to pay a specified amount of money and are transferable by endorsement.

UCC

All commercial exchanges in the United States are regulated by the comprehensive legal framework known as the Uniform Commercial Code.

Third Party

An entity that is not directly involved in a legal transaction or agreement but may be affected by it or have an interest in it.