Which of the Following Items Will Result in an Increase

question 95

Multiple Choice

Which of the following items will result in an increase in gross income?

• A)Receipt of a $10,000 check from the bank.The check is for a student loan.
• B)Receiving a $10,000 award from a university for high grades and high SAT scores.The award is used to pay tuition.
• C)Preparing a mechanic's tax return in exchange for the mechanic replacing the muffler on your car.
• D)None of the above will be included in gross income.

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Definitions:

Infants

Young babies, typically under one year old, in the early stages of development.

Ounces

Ounces are a unit of weight commonly used in the United States' customary and British imperial systems, equal to one-sixteenth of a pound.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean.

Distribution

In statistics, the way in which values of a variable or a set of variables are spread or dispersed across different levels.