All of the Following Represent an Increase in Non-Labor Income

question 21

Multiple Choice

All of the following represent an increase in non-labor income except for:

• A)A decrease in the income tax rate.
• B)Receiving higher dividends from a stock portfolio.
• C)An increase in a spouse's wage.
• D)Receiving an inheritance from a long-lost uncle who recently passed away.
• E)Having one's property tax bill fall by $1,000.

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Definitions:

S Corporation

A type of corporation in the United States that meets specific Internal Revenue Code requirements, allowing profits and some losses to be passed directly to owners' personal income without being subject to corporate tax rates.

Business Ownership

The legal possession and responsibility for an enterprise, involving rights to the profits and risks of losses.