The widow received a death benefit totaling $25,000 from her spouses employer. She must include the $25,000
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Question:
The widow received a death benefit totaling $25,000 from her spouse’s employer. She must include the $25,000 in income in the year of receipt.
Question options:
a) True
b) False
Expert Answer:
a True A death benefit is a sum of money paid out to the beneficiary or beneficiaries of a life insu... View the full answer
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
