The Discharge of Certain Student Loans Is Excluded from Income

question 97

Multiple Choice

The discharge of certain student loans is excluded from income if all of the following are present except for

• A)the loan must have been made by governmental,educational,or charitable organizations.
• B)the loan proceeds must have been used to pay the cost of attending an education institution or used to refinance outstanding student loans.
• C)the loan forgiveness must be contingent upon the individual's working for a specified period of time in certain professions.
• D)the loan forgiveness is based on age.

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Definitions:

Prima Facie Case

An established case that is sufficient to warrant a trial, presented on the evidence available, unless rebutted.

Americans With Disabilities Act

A law dedicated to civil rights that forbids discrimination due to disability, guaranteeing equal chances for people with disabilities in every public sector.

Cerebral Palsy

A group of permanent movement disorders that appear in early childhood, affecting muscle tone, posture, and movement due to abnormal brain development.

Major-Life Activity

Activities that are of great importance to most people's daily lives, such as walking, breathing, and working.