Which of the Following Is Excluded from Gross Income

question 66

Multiple Choice

Which of the following is excluded from gross income?

• A)$50,000 slot machine winnings
• B)$13,900 value of Hawaiian vacation won on a game show
• C)$85,000 Pulitzer prize for journalism
• D)None of the above is excluded.

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Definitions:

Social Media Strategy

A plan devised to use social media platforms effectively for marketing, communication, or branding purposes, tailored to engage with the intended audience.

Trash Routes

Specified paths or schedules assigned for the collection of waste and recycling in urban and suburban areas.

Social Media Explosion

The rapid growth and widespread adoption of social media platforms, profoundly impacting communication, marketing, and society.

Smartphones

Mobile devices that combine cellular functionality with advanced computing abilities, offering a wide range of applications, from communication to entertainment.