Which of the following items of income are generally excluded from gross income: start up expenses...

Which of the following items of income are generally excluded from gross income:

start up expenses paid
cost recovery
death benefit paid on life insurance policy
charitable contributions made
both c and d

Solutions

Expert Solution

Both C & D

( Death benefit paid on life insurance policy and charitable contributions made are excluded from gross income as they have not been earned for services rendered or future services to be rendered.)

ekkarill92 answered 1 year ago

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