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3. Which of the following are exclusions from gross income (can be more than one): e. Stolen funds taken when treasurer of youth baseball league
3. Which of the following are exclusions from gross income (can be more than one): e. Stolen funds taken when treasurer of youth baseball league f. Jury Duty fees g. Alimony received for divorce decree entered into in 2019 h. Interest Income on Municipal Bonds 4. Does Gross Income include the all income, gains and losses? a. Yes - gross income includes all income except those incomes that are specifical excluded b. No - only income specifically identified as included in gross income c. Yes - they are part of gross income because it is part of the recovery of capital d. No - in order to be included the taxpayer needs a recognition event
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