Question 3 ( 2 points) Which of the following is classified as nontaxable income? a) Unemployment compensation b) Dividend income c) Income from real estate rental property d) Welfare payments e) None of the above Question 4 ( 2 points) Which of the following is correct? a) An individual is a reporting entity but not a taxable entity b) A partnership is a taxable entity and a reporting entity c) A corporation is a reporting entity but not a taxable entity d) A partnership is a reporting entity but not a taxable entity