Which One of the Following Items Is Not Considered Gross

question 64

Multiple Choice

Which one of the following items is not considered gross income for tax purposes?

• A)gambling winnings
• B)illegal income
• C)face amount of life insurance received due to the death of the insured
• D)cash dividends

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Definitions:

Internal Slave Trade

The trade of enslaved people within the borders of a country; in the United States, it particularly refers to the trade of slaves between states.

Wage Earners

Individuals whose primary income comes from their employment salary or wages, as opposed to investments or other sources.

Social Integration

The process by which individuals or groups of differing backgrounds come to live together within a community, sharing common norms, values, and practices.

Segregated Housing

Residential spaces separated by race, often enforced by law or policy, leading to unequal living conditions and opportunities.