Which of the Following Is Not Excluded from Income? (Assume

question 31

Multiple Choice

Which of the following is not excluded from income? (Assume that any amounts received by the taxpayer were kept.)

• A)public assistance payments.
• B)fair market value of prize won on a game show.
• C)gifts and inheritances.
• D)life insurance proceeds paid by reason of death.

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Definitions:

Mental Hospitals

Healthcare facilities specialized in treating individuals with mental health disorders, offering a range of psychiatric services and therapies.

Adequate Care

Sufficient and appropriate provision of services or support to meet an individual's health or wellbeing needs.

ECT

Electroconvulsive Therapy, a psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders.

Psychostimulants

Drugs that increase activity in the central nervous system, enhancing mental alertness, attention, and energy, used in the treatment of disorders like ADHD.