Which of the Following Is Excluded from Gross Income

question 138

Multiple Choice

Which of the following is excluded from gross income?

• A)Prizes
• B)Scholarships for tuition
• C)Hobby income
• D)Rental income
• E)All of the above are included in gross income

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Definitions:

Motivation Model

Theoretical frameworks that aim to explain the drive behind individuals' actions, desires, and needs.

Deficiency Needs

In Maslow's hierarchy of needs, these are the basic requirements for physical and psychological well-being that individuals are motivated to fulfill before achieving higher level growth needs.

Growth Needs

Psychological desires for personal development, improvement, and the achievement of one's potential.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, structured as a pyramid with the most fundamental needs at the bottom and self-actualization at the top.