Peter received the following income: wages, employee award, interest, farm income, relocation payments, inheritance, workers' compensation, Federal income tax refunds, Interest on tax-free securities, and insurance proceeds.

Which sources of Peters income are taxable and which are nontaxable? Provide a brief explanation or additional details if possible.

Peters Income:

SOURCE	TAXABLE? Yes/No
Wages
employee award
Interest
farm income
relocation payments
Inheritance
Workers compensation
Federal income tax refunds
Interest on tax-free securities
Insurance proceeds