Which of the following is excluded from gross income on an individual's 2016 tax return? a. 2016

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Which of the following is excluded from gross income on an individual's 2016 tax return?
a. 2016 settlement from an employment discrimination lawsuit
b. Seller of the Year award, in the form of a 2016 all-expenses-paid vacation
c. Qualified stock options awarded in 2013, exercised in 2016
d. Income from the 2016 sale of illegal drugs
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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

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

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