Question: Please help a. S0 b.$100 ?.$500 d. $600 e. $635 15. Which of the following amounts must be included in the gross income of the
a. S0 b.$100 ?.$500 d. $600 e. $635 15. Which of the following amounts must be included in the gross income of the recipient? a. Child support payment b. Welfare payment c. Gifts d. Royalties e. All of the above are included in gross income 16. All of the following amounts are excluded from gross income, except: a. Tips and gratuities b. Child support payments c. Scholarship grants for tuition d. Gifts e. Veteran's benefits 17. Arthur, age 19, is a full-time student at Gordon College and is a candidate for a bachelor's degree. During 2017 he received the following amounts: Tuition scholarship Loan from college financial aid office Cash support from parents Ordinary cash dividend Cash prize awarded in contest $2,400 1,000 2,000 500 300 What is his adjusted gross income for 2017? a. $700 b. $800 c. $3,200 d. $6,200 None of the above e. 18. Which of the following fringe benefits is taxable to the employee receiving the benefit? A subscription to a tax journal provided by the employer to a corporation's a. tax accountant b. A small discount on toys granted to the salesperson for a toy store c. Incidental use of the company's copier by an office worker d. A 15% discount on investment real estate granted to the employee of a real estate developer e. All of the above are tax free
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