Maryellen Epplin Worked in Mexico for Part of the Year

question 42

Multiple Choice

Maryellen Epplin worked in Mexico for part of the year and earned $50,000 while she was there.This income will not be included in her gross income for the year.This represents a tax:

• A)deduction.
• B)exclusion.
• C)exemption.
• D)credit.
• E)refund.

---

Definitions:

Stereochemistry

An area of chemistry concerned with the three-dimensional arrangement of atoms in molecules and its impact on their chemical reactions and properties.

Esters

Organic compounds derived from carboxylic acids where the hydrogen in the hydroxyl group is replaced by an alkyl or aryl group, often responsible for the aroma of fruits.

Transesterification

A chemical reaction in which an ester is transformed into another ester through the exchange of the alkoxy group.

Methyl Benzoate

An ester formed from methanol and benzoic acid, commonly used in perfumery and flavorings.