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Pastor Bingham retired in December 2020. prior to his retirement he received the following: an annual salary of $64,000 that includes $24,000 designated as housing
Pastor Bingham retired in December 2020. prior to his retirement he received the following: an annual salary of $64,000 that includes $24,000 designated as housing allowance $5312 reported on form 1099 NEC for his duties as a chaplain at the prison and $912 in a retirement collection taken up on his behalf. which of these amount is excluded from gross income for purposes of federal income tax?
1) $912 2) $5,312 3) $24,000 4) $64,000
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