Is a Cash Gift Considered Income?

is a cash gift considered income

Money items are usually not thought of revenue for federal tax functions, which suggests you wouldn’t have to pay taxes on the cash you obtain. Nevertheless, there are some exceptions to this rule. For instance, in case you obtain a money reward as a part of a enterprise transaction, it could be thought of revenue. … Read more

What IQ Is Considered Gifted

what iq is considered gifted

Intelligence quotient (IQ) is a measure of intelligence that’s sometimes decided by standardized exams. It’s usually used to evaluate cognitive skills equivalent to reasoning, problem-solving, and verbal comprehension. Whereas there is no such thing as a definitive cutoff rating that determines whether or not somebody is taken into account gifted, an IQ rating of 130 … Read more