In: Accounting
Explain in your own words the concept of "All Income Broadly Conceived" and provide examples of various types of income
Explain in your own words the concept of "Excluded Income" and provide examples of excluded income
For each of the following items, identify if they are income or expense and whether they are included or excluded
Child support received
Inheritance received
Self-Employed Business Expenses
Value of medical premiums provided by employer
Dividends