Examples of Income Which Are Constructively Received Include All of the Following

question 9

Multiple Choice

Examples of income which are constructively received include all of the following except

• A)interest credited to a savings account.
• B)a check received after banking hours.
• C)a paycheck received from employer,when employer does not have funds in the bank to cover the check.
• D)dividends automatically reinvested in additional shares of the mutual fund.

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Definitions:

Subcontracts

Agreements made between a main contractor and a third party to perform part of the work assigned under a primary contract.

Expensive

Involving a high cost or requiring considerable expenditure.

Outsourcing Team

A group of external professionals or a company hired to perform tasks, handle operations or provide services that are either difficult to manage or are outside the organization's expertise.

Contractual Terms

Specific provisions or agreements forming part of a contract, outlining the rights, obligations, and expectations of the parties involved.