Bernie Is a Former Executive Who Is Retired

question 94

Multiple Choice

Bernie is a former executive who is retired. This year Bernie received $250,000 in pension payments and $10,000 of social security payments. What amount must Bernie include in his gross income?

• A) $250,000
• B) $255,000
• C) $258,500
• D) $260,000
• E) Zero

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Definitions:

Focused Messaging

The practice of delivering clear and specific communications targeted at a particular audience or goal, rather than broad, generalized messages.

PR Duties

The responsibilities encompassed in the field of public relations, such as managing communications, media relations, and crafting public images for individuals or organizations.

Capital Campaigns

Intensive fundraising efforts undertaken by non-profits and other organizations to raise significant funds for a specific purpose, often for building projects or endowments.

Special Events

Planned gatherings or activities organized to celebrate, commemorate, or achieve a purpose, used in marketing, public relations, or cultural contexts.