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:

Commercial Registration Appeal Tribunal

This is a specialised tribunal that handles disputes and appeals related to the registration of businesses and commercial entities.

Investment Dealer

A financial intermediary that buys and sells securities on behalf of clients, and may also provide investment advice.

Specialized Medical Group

A collective of medical practitioners with expertise in specific areas of healthcare, providing targeted treatments or services.

Educational And Training Standards

Established benchmarks or criteria for the content and delivery of education and training programs.