pan came members Anacan for hich which the and and daugh herma OS Individual D) Alla h ove payer Which of the we es as the A) al Code B) Revenue Procedures D) Income Tax Regulations 25) 2) Bret carries a .insurance policy on his life and has paid 000 insurance policy on his life and has paid premiums of $11,000 over the years. Dividends on the policy have totaled 9,500. Each year Brex has left the dividends with the insurance company. In the current year, the insurance company credited 0 of meest on the accumulate dividends to Bret's account. In addition, $200 of dividends was added by the insurance company. In the current year, Bret must report income of A) $700. B) 51,660 D) SO 26) 26) Tonya's employer pays the full premium on a disability income policy from an insurance company on behalfall employees. After a skiing accident. Tonya was out of work for three months and collected $2.00 month($7,500 total) of disability benefits from this policy. In addition, Tonya received another $1,000 per month (53.000 total) from a disability policy she had purchased herselt Tonya had paid a total of $1,300 in premiums on her policy. How much of the $10.500 total received is taxable? A) $10,500 B) $1,000 57,500 D) 59,200 27) Which one of the following items is not considered gross income for tax purposes? A) cash dividends B) gambling winnings increase in value of real estate holdings D) illegal income 28) 28) Peri and All were married on December 31 of last year. What is their filing status for last year? A) They file as married joint or married separate. B) They file as single for 364 days and married for one day. They file as single D) They file as single for half the year and married for the other half. pan came members Anacan for hich which the and and daugh herma OS Individual D) Alla h ove payer Which of the we es as the A) al Code B) Revenue Procedures D) Income Tax Regulations 25) 2) Bret carries a .insurance policy on his life and has paid 000 insurance policy on his life and has paid premiums of $11,000 over the years. Dividends on the policy have totaled 9,500. Each year Brex has left the dividends with the insurance company. In the current year, the insurance company credited 0 of meest on the accumulate dividends to Bret's account. In addition, $200 of dividends was added by the insurance company. In the current year, Bret must report income of A) $700. B) 51,660 D) SO 26) 26) Tonya's employer pays the full premium on a disability income policy from an insurance company on behalfall employees. After a skiing accident. Tonya was out of work for three months and collected $2.00 month($7,500 total) of disability benefits from this policy. In addition, Tonya received another $1,000 per month (53.000 total) from a disability policy she had purchased herselt Tonya had paid a total of $1,300 in premiums on her policy. How much of the $10.500 total received is taxable? A) $10,500 B) $1,000 57,500 D) 59,200 27) Which one of the following items is not considered gross income for tax purposes? A) cash dividends B) gambling winnings increase in value of real estate holdings D) illegal income 28) 28) Peri and All were married on December 31 of last year. What is their filing status for last year? A) They file as married joint or married separate. B) They file as single for 364 days and married for one day. They file as single D) They file as single for half the year and married for the other half
