Indicate whether each of the items listed below would be included (I) in or excluded (E) from
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Indicate whether each of the items listed below would be included (I) in or excluded (E) from gross income for the 2020 tax year.
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a. Welfare payments b. Commissions c. Hobby income d. Scholarships for room and board .e. $300 set of golf clubs, an employee award for length of service f. Severance pay g. Ordinary dividend of $50 h. Accident insurance proceeds received for personal bodily injury .i. Inheritances .j. Gifts k. Tips and gratuities
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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