{"id":34549,"date":"2024-04-15T09:32:27","date_gmt":"2024-04-15T09:32:27","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34549"},"modified":"2024-04-15T09:32:27","modified_gmt":"2024-04-15T09:32:27","slug":"what-percentage-of-income-from-compensation-on-disaster-is-exempted-from-tax-liability","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/what-percentage-of-income-from-compensation-on-disaster-is-exempted-from-tax-liability\/","title":{"rendered":"What percentage of income from compensation on disaster is exempted from tax liability?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;100%&#8221; option2=&#8221;75%&#8221; option3=&#8221;50%&#8221; option4=&#8221;25%&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. 100%.<\/p>\n<p>Income from compensation on disaster is exempted from tax liability. This means that the income from compensation on disaster is not subject to income tax. This exemption is intended to help people who have been affected by a disaster to recover their losses.<\/p>\n<p>Option B is incorrect because it is not the correct percentage of income from compensation on disaster that is exempted from tax liability.<\/p>\n<p>Option C is incorrect because it is not the correct percentage of income from compensation on disaster that is exempted from tax liability.<\/p>\n<p>Option D is incorrect because it is not the correct percentage of income from compensation on disaster that is exempted from tax liability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;100%&#8221; option2=&#8221;75%&#8221; option3=&#8221;50%&#8221; option4=&#8221;25%&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"class_list":["post-34549","post","type-post","status-publish","format-standard","hentry","category-legal-aspects-of-business","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What percentage of income from compensation on disaster is exempted from tax liability?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/what-percentage-of-income-from-compensation-on-disaster-is-exempted-from-tax-liability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What percentage of income from compensation on disaster is exempted from tax liability?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;100%&#8221; 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