13) Which of the following items are subject to federal income tax? A) A gift received B) Municipal interest income C) U.S. savings bond interest income D) Roth IRA distribution 14) A $100 cash payment received by a policeman for helping escort a funeral procession is not includable in gross income. A) True B) False 15) Many classes of income may be reported on a federal income tax return. Of those classes listed below, the class of income that qualifies for a preferential income tax rate is: A) Wages and salaries B) Pensions C) Net rental income D) Net long-term capital gains E) Gambling winnings 16) How confident are you that you did pretty well in answering FINANCIAL ACCOUNTING questions on this test? A) Not confident at all B) Somewhat not confident C) Neutral D) Confident E) Very confident 17) How confident are you that you did pretty well in answering COST ACCOUNTING questions on this test? A) Not confident at all B) Somewhat not confident C) Neutral D) Confident E) Very confident 18) How confident are you that you did pretty well in answering TAXATION questions on this test? A) Not confident at all B) Somewhat not confident C) Neutral D) Confident E) Very confident