Which of the Following Would Not Be Included as Part

question 14

Multiple Choice

Which of the following would not be included as part of personal income?

• A)Welfare benefits
• B)Food stamps distributed by the government
• C)Social security benefits
• D)Indirect business taxes
• E)Corporate dividend payments to stockholders

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Definitions:

Straight-Line Method

A method of amortizing a bond discount or premium that provides for equal amounts of discount (or premium) to be written off to interest expense each period.

Useful Life

The estimated period of time over which an asset is expected to be usable by the entity, used for the purposes of depreciation or amortization.

Total Income Yield

refers to the percentage of income an investment generates, considering both dividend or interest payments and capital gains.

Cash Payback Period

The duration required for an investment to generate cash flows sufficient to recover the initial investment cost.