Question: Select from the option list provided the taxability for each of the items of income listed in the left column below. Each choice may be
Select from the option list provided the taxability for each of the items of income listed in the left column below. Each choice may be used once, more than once, or not at all. Income item Taxability 1. Divorce instrument executed in 2018 specifies payments of both alimony and child support, but only partial payments received and not enough to fully cover child support. 2. Divorce instrument executed in 2018 specifies payments of both alimony and child support, but only partial payments received covering child support and partial alimony. 3. Life insurance proceeds received by a beneficiary due to the death of the insured. 4. Interest received on state and local government bonds. 5. Interest received by a beneficiary on the proceeds of a life insurance policy that is retained by the insurance company. 6. Reimbursements received for travel expenses that are more than actual expenses, under an accountable plan. 7. Scholarship received by a qualified degree-seeking candidate for tuition and fees, books, supplies, and room and board. 8. Property received as a gift
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