Is a Cash Gift Considered Income?

is a cash gift considered income

Money items will not be thought-about earnings for federal tax functions, which suggests you do not need to pay taxes on the cash you obtain. Nevertheless, there are some exceptions to this rule. For instance, in case you obtain a money present as a part of a enterprise transaction, it could be thought-about earnings. Moreover, … 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 means of standardized exams. It’s typically used to evaluate cognitive talents resembling reasoning, problem-solving, and verbal comprehension. Whereas there isn’t any definitive cutoff rating that determines whether or not somebody is taken into account gifted, an IQ rating of 130 or increased is … Read more