All of the Following Items Are Generally Excluded from Income

question 91

Multiple Choice

All of the following items are generally excluded from income except

• A)child support payments.
• B)interest on corporate bonds.
• C)interest on state and local government bonds.
• D)life insurance proceeds paid by reason of death.

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Definitions:

Relative Consumption

A measure comparing an individual's or group's consumption levels to another's or to a benchmark, often used to analyze economic well-being or social status.

New Year's Eve

The last day of the year, December 31st, celebrating the conclusion of the current year and the beginning of the new one.

Assembly Line Workers

Employees who work on a manufacturing process where a product is assembled step by step in a sequential manner.

Support Staff

Employees who provide administrative or technical services to aid the primary functions of an organization, institution, or industry.