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In: Accounting

Explain in your own words the concept of "All Income Broadly Conceived" and provide examples of...

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

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