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:

Electrical Activity

Movements of ions that create electrical impulses, fundamental for the functioning of nerves and muscles, including the heart and brain.

Electrodes

Conductive materials that allow electricity to enter or leave an object, substance, or region, commonly used in electrical circuits and medical devices.

Diaphragm

A large, dome-shaped muscle located at the base of the lungs that aids in the breathing process.

Chest

The front surface of the upper part of the human torso, containing the thoracic cavity and protecting the heart and lungs.