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(Payments received as compensation for physical injuries) Choose one of the exclusions from gross income that we discussed or that is in the book. (Payments
(Payments received as compensation for physical injuries)
Choose one of the exclusions from gross income that we discussed or that is in the book. (Payments received as compensation for physical injuries)
Explain why you think Congress excluded this item from gross income, thus exempting it from taxation.
Are there any gross income items that you believe should not be included in taxable income? Explain your answer.
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