Use the following two columns of items to answer the matching questions below:
-gross income
A)interest earned from savings and debt securities
B)forms used to report interest and deductions
C)reportable income from any source
D)earnings from stocks
E)selling an asset for more than it cost

Question

Quizplus · Accepted Answer

Gross income refers to all income earned from any source, including but not limited to wages, self-employment income, rental income, and investment income such as interest, dividends, and capital gains. Option C encompasses all these sources of income, making it the best choice. Option A refers specifically to interest income, while option D is limited to earnings from stocks. Option E refers specifically to capital gains from selling an asset. Option B refers to the various forms required for filing income taxes but does not necessarily relate directly to gross income.

Use the Following Two Columns of Items to Answer the Matching