The Taxpayer Is a Ph

question 24

Multiple Choice

The taxpayer is a Ph.D.student in accounting at State University.The student is paid $1,000 per month for teaching two classes.The total amount received for the year is $9,000.

• A)The $9,000 is excludible if the money is used to pay for tuition and books.
• B)The $9,000 is taxable compensation.
• C)The $9,000 is considered a scholarship and,therefore,is excluded.
• D)The $9,000 is excluded because the total amount received for the year is less than her standard deduction and personal exemption.
• E)None of the above.

---

Definitions:

Endogamy

The tendency of people to marry within their own social group.

Socioeconomic Status

A measure of an individual's or group's economic and social position based on income, education, and occupation.

Interracial Couples

Relationships between people of different racial backgrounds.

Relationship Satisfaction

describes the degree of happiness and fulfillment partners feel within their romantic relationship.