Which of the Following Is Not a Necessary Condition for Income

question 81

Multiple Choice

Which of the following is not a necessary condition for income to be included in gross income?

• A) income must be realized.
• B) income must be paid in cash.
• C) income cannot be excluded by law.
• D) income must be made available to a taxpayer on the cash basis.
• E) All of the choices are correct.

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Definitions:

Task

A piece of work to be done or undertaken.

Big Five

A personality model comprising five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Creativity

The ability to produce original, innovative ideas or solve problems in unique ways.

Extraversion

A personality trait characterized by outgoingness, high energy, and an enjoyment of social interaction.