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Which is true of a net-change system?
NonTaxable Income
Income that is not subject to taxation by the IRS or state tax authorities; examples include certain gifts, inheritances, and some types of insurance payouts.
Compensation
This represents payment or benefits provided to an employee or executive by an employer for services rendered.
Injuries
Physical harm or damage to a person's body.
Life Insurance Proceeds
The money paid out by a life insurance company to the beneficiary upon the insured's death.
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