which of the following is not included in gross income when received a) royalties pay to...
which of the following is not included in gross income
when received
a) royalties pay to an author
b) refundable security deposit
c) amounts received to cancel or modify a lease
d) interest received on bank accounts
Homework Answers
Gross income includes Interest received, royalities and amounts received to cancel or modify a lease.
Security deposit if refundable does not form part of your income.
So correct answer is - B) refundable security deposit (which is not included in gross income when received.)
Add Answer to:
which of the following is not included in gross income
when received
a) royalties pay to...
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