Which of the Following Incomes Are Taxed at a Lower

question 25

Multiple Choice

Which of the following incomes are taxed at a lower rate?

• A)Award proceeds
• B)Interest income
• C)Rent received
• D)Dividends

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Definitions:

Liable

Being legally responsible or obligated to make amends for harm caused to another person or property.

Drawee

The party upon whom a check, draft, or other negotiable instrument is drawn and is expected to pay.

Drawer

In banking and finance, the person who writes or issues a check or draft.

Payee

The individual or entity to whom a payment is made or owed, especially noted in the context of checks or promissory notes.