Total income includes all of the following except
A)salary or wages.
B)interest or dividends received.
C)inheritances.
D)capital gains realized.

Name: Total income includes all of the following except A)salary or wages. B)interest or dividends received. C)inheritances. D)capital gains realized.
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Question

Quizplus · Accepted Answer

Inheritances are not considered part of total income since it is received as a gift or distribution from an estate and not as a result of work or investment.

Total Income Includes All of the Following Except