The following pertain to Joyce in 20X14: What total amount from the above may be excluded from
Question:
The following pertain to Joyce in 20X14:
What total amount from the above may be excluded from Joyce’s 20X14 gross income?
a. $5,650
b. $350
c. $5,150
d. $850
Transcribed Image Text:
Medical insurance premiums paid by employer 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) 20X14 holiday bonus awarded in December 20X14, to be paid in January 20X15 $4,800 500 100 250
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ANSWER Lets determine which items may be excluded from Joyces 20X14 gross income Medical Insurance P...View the full answer
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Related Book For
South Western Federal Taxation 2016 Individual Income Taxes
ISBN: 9781305393301
39th Edition
Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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