Kevin Provided Services to Several Clients This Year Who Paid

question 103

Multiple Choice

Kevin provided services to several clients this year who paid with different types of property. Which of the following payments is not included in Kevin's gross income?

• A) Cash.
• B) Shares of stock listed on the New York Stock Exchange.
• C) A used car.
• D) Gold coins.
• E) All of these are included in gross income.

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Definitions:

Biogenic Needs

basic, essential human requirements for survival, such as food, water, air, and shelter.

Psychogenic Needs

Fundamental psychological or emotional needs influencing behaviors and attitudes.

Actualization Needs

The highest level in Maslow's hierarchy of needs, representing the desire for self-fulfillment and realizing one's potential.

Psychogenic Needs

Emotional and psychological needs that motivate individuals to perform actions or pursue goals for personal satisfaction.