Question 1
Which of the following is
not excluded from income?
◦ public assistance payments.
◦ fair market value of prize won on a game show.
◦ gifts and inheritances.
◦ life insurance proceeds paid by reason of death.
Question 2
Which of the following item(s) must be included in the income of the respective employees?
◦ ABC Hospital Corporation provides free meals in the hospital cafeteria to employees while on duty in order that they be available for emergency calls.
◦ The state of California highway patrol organization provides its officers with a daily meal allowance to compensate them for meals eaten at any location while they are on duty.
◦ IBX Corporation requires its employees to work overtime three evenings each year when the company takes inventory. The corporation pays to provide catered dinners on its premises on these evenings.
◦ A hotel requires its hotel manager to live in a suite without charge in order to be on call outside her normal work hours.
Distribution of the Income of Americans
Relationship between Income and Happiness in the United States
Regional Variation in Income and Access to the Sea
Income per Capita versus Inequality
How the Return to Education Affects the Distribution of Income
Relationship Between Income per Capita and Population Growth