2022 Tax Rules

12. Gross Income Exclusions. (Obj. 1) Indicate, by placing an X in the proper column, whether each of the following items is includable in or excludable from gross income. Item Includable Excludable a. Life insurance proceeds paid because of insured's death b. Workers' compensation for a physical injury c. Employer-paid health insurance premiums paid to a non-key, non-highly paid employee d. FMV of automobile won on television game show e. Free parking in employer's lot (valued at $100/month) f. A nonbankrupt taxpayer is forgiven of $1,000 of credit card debt g. Gold necklace received as a gift h. Health resort fee paid for taxpayer by employer