10. All of the following are exclusions from gross income EXCEPT:
C. Dividend Income
D. Interest Income from a Municipal Bond
An income exclusion is a taxation term that refers to a rule which sets aside certain types of income as non-taxable. This means it is not included as part of your adjusted gross income.
Answer and Explanation:
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from Accounting 202: Intermediate Accounting IIChapter 8 / Lesson 2