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Are the following true or false about Ferderal Income Tax based on 2 0 2 3 Tax Law. - Compensation payments received on account of

Are the following true or false about Ferderal Income Tax based on 2023Tax Law.
- Compensation payments received on account of personal injury are not included in the recipient's gross income.
- An employee may exclude from gross income all of the employer's premium cost of a qualifying group term life insurance policy if the policy face amount does not exceed $100,000.
- The value of Corp. A preferred stock distributed to a holder of Corp. A common stock is not a taxable event to the recipient shareholder.
- The value of a stock distribution classified as a distribution on preferred stock is generally a taxable event to the recipient shareholder.
- Interest earned on a bank account is picked up as gross income by the account owner in the tax year within which the bank customer withdraws the money.
- The value of meals furnished to an employee by his/her employer may be excluded from gross income by the employee if the meals are for the convenience of the employee and are furnished on the premises of the employer.
- The exclusion for interest earned on U.S. savings bonds used to finance higher education of the taxpayer is available only to the individual who purchased the bond.
- Under the "fruit of the tree" doctrine, an individual should not be allowed to reduce his/her income tax liability by a voluntary assignment of income without a corresponding transfer of ownership of the property creating the income.

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