Liam received the following payments in the current year: Jury duty pay of ($250) and he
Question:
Liam received the following payments in the current year:
• Jury duty pay of \($250\) and he does not need to remit the pay to his employer
• Temporary assistance for needy families (Welfare) payments of \($4,800\)
• Unemployment compensation of \($6,500\)
• Found jacket with \($200\) cash
• Gift of \($2,000\) received from his friend How much must Liam report in taxable income?
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Liam must report the 250 of jury duty pay 6500 of ...View the full answer
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Related Book For 
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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