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NEW QUESTION: 1
Darr, an employee of Sorce C corporation, is not a shareholder. Which of the following would be included
in a taxpayer's gross income?
A. A $10,000 gift from the taxpayer's grandparents.
B. The fair market value of land that the taxpayer inherited from an uncle.
C. The dividend income on shares of stock that the taxpayer received for services rendered.
D. Employer-provided medical insurance coverage under a health plan.
Answer: C
Explanation:
Explanation
Choice "d" is correct. An individual receiving common stock for services rendered must recognize the fair
market value as ordinary income. Any dividends received on that stock would also result in income
recognition.
Choice "a" is incorrect. Employer-provided medical insurance is a tax-free fringe benefit.
Choices "b" and "c" are incorrect. Gifts and inheritances are both tax-free to the recipient. (Remember tax
is often paid by the person giving the gift or the estate at death.)

NEW QUESTION: 2

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

NEW QUESTION: 3
When assigning a user to a user-interface view, deselecting the Allow Editing check box restricts the user's
ability to___________.
A. edit project data in the view
B. edit his or her resource profile
C. edit the user Interface view
D. edit his or her password
Answer: C
Explanation:
Explanation/Reference:
Creating User Interface Views
On the Create User Interface View page, click the Users tab:
Select a user from the Available Users window to assign the user to that view.
Click Select to move the user to the Selected Users column.
Select the Allow Editing option to enable the user to edit the contents of their interface view.
Reference; P6 EPPM Administrator's Guide, Creating User Interface Views