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Federal Income Tax I Employees may receive compensation for being injured while working. Do you believe that such compensation inclusion or exclusion in gross income
Federal Income Tax I
- Employees may receive compensation for being injured while working. Do you believe that such compensation inclusion or exclusion in gross income may be different if the injured person receiving such compensation is self-employed or regular employee by a business? Explain.
- Are life insurance proceeds excluded from gross income or included? Explain.
- After the textbook went to print, there was a change made to the tax law covering business meals and entertainment for the 2021 and 2022. What is the change? Why do you think the US government made this change?
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