Match Each Statement with the Correct Term Below

Multiple Choice

Match each statement with the correct term below.
-Annuity

A) The category of income that includes interest, dividends, and rents.
B) Income from wages, salaries, and trade or businesses.
C) Interest income resulting from making an interest-free gift loan of $200,000.
D) A taxable amount received from a state plan to provide a substitute for an employee's earned income.
E) A series of equal payments received over equal time periods.
F) A receipt of cash from a former spouse that is included in gross income.
G) A payment received from a former spouse that is not included in gross income.
H) A division of marital assets that does not result in any income recognition.
I) A sale of property in which at least one payment is received in a tax year after the year of sale
J) A method of accounting that must be used to recognize income from long-term construction contracts.
K) A debt instrument that has the interest paid at maturity rather than throughout the life of the debt.