Which of the Following Statements Is/are Correct

question 59

Multiple Choice

Which of the following statements is/are correct?
I.Danny falls off a ladder at work and is hospitalized for two weeks. He receives $650 from the state worker's compensation fund, his regular $1,800 salary, and $925 disability pay from his employer's health and accident insurance plan. Danny must recognize $2,725 of income from the payments.
II.Donna's grandfather dies and leaves her City of Goldsboro bonds that are worth $57,000. The bonds have a face value of $50,000 and pay 5% annual interest. Donna must include the $2,500 of interest she receives in her gross income.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Apnea

A temporary cessation of breathing, especially during sleep, which can be indicative of several health issues.

Stimulus for Breathing

Factors or conditions that trigger the respiratory system to initiate the act of breathing, such as increased carbon dioxide levels.

Purified Protein Derivative (PPD)

A substance used in a tuberculin skin test (TST) to detect tuberculosis infection.

Tuberculosis (TB)

A contagious bacterial infection caused by Mycobacterium tuberculosis, primarily affecting the lungs but may spread to other organs.