Nutanix NCSE-Level-2 Q&A - in .pdf

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  • Exam Code: NCSE-Level-2
  • Exam Name: Nutanix Certified Systems Engineer (NCSE): Level 2
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NEW QUESTION: 1
During 2001, Adler had the following cash receipts:

What is the total amount that must be included in gross income on Adler's 2001 income tax return?
A. $18,000
B. $19,500
C. $18,400
D. $19,900
Answer: B
Explanation:
Explanation
Choice "c" is correct. The wages of $18,000 and unemployment compensation are both includable in
gross income on Adler's 2001 income tax return.
Choice "a" is incorrect. The unemployment compensation must be included in gross income.
Choice "b" is incorrect. Municipal bond interest income is excluded from gross income and the
unemployment compensation must be included in gross income.
Choice "d" is incorrect. Municipal bond interest income is excluded from gross income.

NEW QUESTION: 2

A. Option D
B. Option B
C. Option A
D. Option C
Answer: A

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