Personal Finance (MindTap Course List)
Personal Finance (MindTap Course List)
13th Edition
ISBN: 9781337099752
Author: E. Thomas Garman, Raymond Forgue
Publisher: Cengage Learning
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Chapter 4.2, Problem 3CC
Summary Introduction

To Explain: Examples of incomes that excluded from income reported to the internal revenue service.

Concept Introduction: The Internal Revenue Service is the revenue service of the United States government. The government agency is a part of the Treasury and is under the direction of the Commissioner of Internal Revenue. Commissioner is appointed to a five-year term by the President of the United States.

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