Question: Please complete all During the current year, Hal Leff sustained a serious injury in the course of his employment. As a result of this injury,



Please complete all
During the current year, Hal Leff sustained a serious injury in the course of his employment. As a result of this injury, Hal received the following payments during the year: The amount to be included in Hal's gross income for the current year should be: (This question is a repeat from quiz #1). $12,200 $8,000 Punitive damages for personal physical injuries 8,000 The amount to be included in Hal's gross income for the current year should be: (This question is a repeat from quiz #1). $12,200 $8,000 $1,800 Zero Long-term capital gains (LTCG) and losses (LTCL) are combined to determine the net long-term capital gain or loss for the year. A net capital loss is not deductible against (This question is a repeat from quiz #3). Future income Prior income Section 179 income Ordinary income Ruestion 35 (3 points) A taxpayer does not have to pay estimated taxes if: The taxpayer's tax liability for the previous year was less than $1,000. The taxpayer's withholding covers 90% of the tax liability for the previous year. The taxpayer's earned income credit will exceed his or her tax liability for the current year. All of the answers are correct
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