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

question 53

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 available on December 31; unclaimed dividends will be mailed out.

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Definitions:

Execution

Execution refers to the carrying out of a sentence of death on a person convicted of a capital crime, or it can also mean the act of performing a plan, order, or directive.

Ending Slavery

The process, legislative acts, and movements aimed at abolishing the practice of holding individuals in bondage or servitude against their will.

Northern Capitalists

Individuals from the northern United States, particularly during the 19th and early 20th centuries, who amassed wealth through industry and were instrumental in shaping the economy.

Slave-owning Planters

Individuals, especially in the pre-Civil War United States, who owned large agricultural estates and relied on enslaved African Americans for labor.