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:

Water Pollution

The contamination of water bodies, such as lakes, rivers, oceans, and groundwater, caused by harmful substances directly or indirectly discharged into them, leading to adverse effects on aquatic life and human health.

Habitat Island

A patch of land, typically surrounded by a contrasting landscape, that serves as a refuge for species and maintains biodiversity.

National Park

A protected area of natural importance, established by a government, aimed at conservation and offering recreation opportunities.

Sustainable Development

Progress which satisfies current requirements without hindering future generations from fulfilling their necessities.