Video: Gross Income Summary

In this lesson, Nick Palazzolo, CPA, delves into the intricacies of identifying what should be included or excluded when calculating gross income. This area is packed with potential points on the exam and understanding these distinctions is crucial. Nick reminds us of the importance of familiarity with tax forms, a strategy that was instrumental to his own success. He stresses the significance of memorization and provides reassurance that with the right resources and commitment to studying—through multiple choice questions and simulations—achieving a pass is entirely within reach. As always, Nick expresses gratitude for the participation and looks forward to the next session.