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Darr, an employee of Sorce C Corporation, is not a shareholder which o in a taxpayers gross income? the following would be included A. A
Darr, an employee of Sorce C Corporation, is not a shareholder which o in a taxpayers gross income? the following would be included A. A $10,000 gih from the taxpayers grandparents B. The fair market value of land that the taxpayer inhedited frem an unele C. The dividend income on shares of stock that the taxpayer received for services rendered D. Employer provided medical insurance coverage under a health plan Which of the tolowing conditions must be present in a divorce agreement executed on or before December 31, 2018, for a payment to qualify as deducible almony? 1. Payments must be in cash or its equivalent II. The payments must end at the reciglent's death A. II only B. Both I and II. C. Ionly D. Neither I nor ll. During Year 9. Ash had the Tollowing cash recespts Wages Int erest inc ome from U. S. Treasury bonds Workers compensation following a job-selated injury.500 13.000 350 What is the total amount that must be included in gross income on Ash's Year 9 income tax return? A. $21,850 B. $13,350 C. $21,500 D. $13,000 Charles and Marcia are married cash-bass taxpayers in Year &. they had mtenest income as folows $500 interest on tederal income tax refund $600 nterest on state income tax refund $800 Iinterest on tederal govermment oblgations $1,000 interest on state government obligations What amount of nterest income is taxable on Charies and Marcars Year 8 jont income tax retum? A. $1, 100 B $1,900 C $2.900 D. $500
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