The following pertain to Joyce in 2017 What total amount from the above may be excluded from Joyces 2017 gross income a $5,650 b $350 c $5,150 d $850 Medical insurance premiums paid by employer $4,800 Teacher of the Year Award, in the form of gift cards redeemable at local businesses Jewelry box, r...

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The following pertain to Joyce in 2017: What total amount from the above may be excluded from

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The following pertain to Joyce in 2017:

Medical insurance premiums paid by employer $4,800 Teacher of the Year Award, in the form of gift cards redeemable at lo

What total amount from the above may be excluded from Joyce€™s 2017 gross income?

a. $5,650

b. $350

c. $5,150

d. $850

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South-Western Federal Taxation 2018 Comprehensive

ISBN: 9781337386005

41st Edition

Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young

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Question Posted: May 30, 2018 12:35 AM

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The following pertain to Joyce in 2017: What total amount from the above may be excluded from

Question:

Medical insurance premiums paid by employer $4,800 Teacher of the Year Award, in the form of gift cards redeemable at local businesses Jewelry box, received from employer for 25 years of service (FMV) 2016 holiday bonus awarded in December 2017, to be paid in January 2018 500 100 250

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South-Western Federal Taxation 2018 Comprehensive

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