Steve Worked as a Tech Supervisor for a Computer Company

question 23

Multiple Choice

Steve worked as a tech supervisor for a computer company.In September of this year, he was laid off.He was paid unemployment compensation for the rest of the year totaling $7,000.Which of the following is true?

• A)Steve will have to report all $7,000 of the unemployment compensation as income.
• B)Steve will have to report $4,600 of the unemployment compensation as income.
• C)Unemployment compensation is never taxable.
• D)As long as the unemployment compensation payments are less than the taxpayer's previous salary, they are not taxable.
• E)None of the above is true.

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Definitions:

Vasculitis

Inflammation of the blood vessels that can cause walls to thicken, narrow, weaken, or scar, affecting blood flow and leading to various complications.

Capillary

Tiny blood vessels connecting arterioles and venules, where the exchange of water, oxygen, carbon dioxide, and many other nutrient and waste chemical substances between blood and tissues occurs.

Anticoagulant

A substance or drug that prevents blood clotting, thereby reducing the likelihood of blood clots forming in the body.

Antihemorrhagic

A substance or treatment that prevents or stops bleeding.