Indicate Whether Each of the Items Listed Below Would Be

question 62

Multiple Choice

Indicate whether each of the items listed below would be (a) included in gross income or (b) excluded from gross income for the 2019 tax year.
-Wages

• A)Included
• B)Excluded

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Definitions:

Instrument

A legal document formalizing an agreement or right, often used in financial transactions or legal proceedings.

Joint Payees

Joint Payees are individuals or entities named together on a check or document as the recipients of money or payment.

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument, or adding a provision to an insurance policy, indicating approval or transfer of rights.

Payee

The individual or entity to whom money is paid or owed, especially in the context of checks or electronic transfers.