Question
All the following items are taxable to the taxpayer receiving them, except: a. Gambling winnings b. Unemployment compensation c. Life insurance proceeds d. Prizes Scholarships
All the following items are taxable to the taxpayer receiving them, except:
| a. | Gambling winnings | |
| b. | Unemployment compensation | |
| c. | Life insurance proceeds | |
| d. | Prizes |
Scholarships are taxable, except:
| a. | None of the above | |
| b. | Vehicle per diem | |
| c. | Room and board | |
| d. | Tuition and fees and books |
Interest from which of the following types of bonds is included in federal taxable income?
| a. | State of Nevada bond | |
| b. | Bond of the Commonwealth of Puerto Rico | |
| c. | U.S. Treasury Bond | |
| d. | City of Miami bond |
For 2020, the minimum percentage of Social Security benefits that could be included in a taxpayers gross income is:
| a. | 25% | |
| b. | 50% | |
| c. | 75% | |
| d. | 85% |
Harrys wife Lila passes away in January of the current year. Fortunately, Lila had a $1 million life insurance policy. Harrys elects to receive all $1 million in the current year and spends $200,000 of it on a luxury around-the-world trip with his new girlfriend. Harrys gross income from the life insurance is:
| a. | $0 | |
| b. | $1,000,000 | |
| c. | $200,000 | |
| d. | $800,000 |
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The Business Of We The Proven Three Step Process For Closing The Gap Between Us And Them In Your Workplace
Authors: Laura Kriska
1st Edition
140021680X, 978-1400216802
