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An exclusion can be the following: a ) Cash receipt that reduces income. b ) Cash payment that reduces income. c ) Direct dollar -

An exclusion can be the following:
a)
Cash receipt that reduces income.
b)
Cash payment that reduces income.
c)
Direct dollar-for-dollar reduction of the income tax liability.
d)
Answers a. and b. are both correct.
e)
Answers a., b., and c. are all correct.

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