Which of the Following Items Are Not Included in Gross

question 123

Multiple Choice

Which of the following items are not included in gross income for the calculation of your federal income taxes?

• A)Wages and salaries
• B)Life insurance benefits
• C)Awards
• D)Bonuses
• E)All of the above items are included in gross income.

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Definitions:

North Korea

A country in East Asia, officially known as the Democratic People's Republic of Korea, known for its totalitarian regime.

Citizenry's Life

The collective lifestyle, experiences, and conditions of the citizens living within a particular country or community.

Power Resource Theory

Holds that the distribution of power among major classes partly accounts for the successes and failures of different political parties over the long term.

Political Power

The ability to influence or control the policies and actions of a government or society, often held by elected officials, governments, or influential groups and individuals.