66. Which one of the following statements is correct in regard to deductible moving expenses? a. You cannot deduct the cost of moving your pets to your new b. You can deduct the cost of shipping your car to your new home C. You can deduct the cost of moving furniture you buy on the way to your new home. You cannot deduct the cost of lodging while traveling from your former home to you new home. 67. You can dedu a limi your furniture had been moved. What is the maximum number of days? ct any lodging expenses you had in the area of your former home for ited number of days after you could not live in your former home because a. 1 day b. 3 days c. 5 days d. 7 days 68. Which one of the following statements is correct in regard to deductible moving expenses outside the United States? a. Pre-move house hunting expenses are deductible. b. Temporary living expenses are deductible. c. You can deduct reasonable expenses of storing your personal effects d. Meal expenses are deductible. CHAPTER FIVE-TAXABLE AND NONTAXABLE INCOME 69. The Internal Revenue Code specifically defines various classifications of income as gross income. Which one of the following statements is correct in this regard? a. Separate maintenance payments are included. b. Income from life insurance contracts is included. c. Income from discharge of debt is included. d. All of the above are correct. 70. Some holiday gifts from an employer to an employee must be included in income and some are not required to be included. Which one of the following employer gifts is not included in income? a. Ten dollars in cash. b. A gift certificate with a $10 value. c. A turkey with a $25 value. d. A$100 cash bonus for exceptional service. 15 66. Which one of the following statements is correct in regard to deductible moving expenses? a. You cannot deduct the cost of moving your pets to your new b. You can deduct the cost of shipping your car to your new home C. You can deduct the cost of moving furniture you buy on the way to your new home. You cannot deduct the cost of lodging while traveling from your former home to you new home. 67. You can dedu a limi your furniture had been moved. What is the maximum number of days? ct any lodging expenses you had in the area of your former home for ited number of days after you could not live in your former home because a. 1 day b. 3 days c. 5 days d. 7 days 68. Which one of the following statements is correct in regard to deductible moving expenses outside the United States? a. Pre-move house hunting expenses are deductible. b. Temporary living expenses are deductible. c. You can deduct reasonable expenses of storing your personal effects d. Meal expenses are deductible. CHAPTER FIVE-TAXABLE AND NONTAXABLE INCOME 69. The Internal Revenue Code specifically defines various classifications of income as gross income. Which one of the following statements is correct in this regard? a. Separate maintenance payments are included. b. Income from life insurance contracts is included. c. Income from discharge of debt is included. d. All of the above are correct. 70. Some holiday gifts from an employer to an employee must be included in income and some are not required to be included. Which one of the following employer gifts is not included in income? a. Ten dollars in cash. b. A gift certificate with a $10 value. c. A turkey with a $25 value. d. A$100 cash bonus for exceptional service. 15