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Please answer 6-10 Il in the Blanks - 20 point section (10 blanks - 2 points each) 1. The Supreme Court Case, decided that cash

Please answer 6-10 image text in transcribed
Il in the Blanks - 20 point section (10 blanks - 2 points each) 1. The Supreme Court Case, decided that cash vouchers do not quali name of the court case. nat cash vouchers do not qualify under Section 119. The blank represents the 2. The court case, defined casualty as the result of a sudden, unexpected or unusual event. The blank represents the name of the court case. 3. The court case, determined that a casualty must have property damage and that a casualty is not merely a decrease in an asset's value. The blank represents the name of the court case. 4. When a taxpayer reaches the age of , he/she must start withdrawing from their individual retirement account. The blank represents a member. 5. The fringe benefit says that any gifts to an employee of $50 dollars of value or less can be excluded from the employee's gross income. The two blanks represent the name of the fringe benefit. 6. IRC S provides the rules for the kiddie Tax. The blank represent the Internal Revenue Code Section. Please provide the subsection along with the Code section. 7. Under IRC 8101, a beneficiary can exclude from their gross income the life insurance payout as long as that payout is done by reason of 8. The Supreme Court case, decided that any ascension to wealth" is included in gross income. The blank represents the name of the court case. 9. The doctrine says the any form of payment, regardless whether it is in cash, property or any other form should be included in the taxpayer's gross income. The blank represents the name of the doctrine. 10. The maximum amount of value (not cash) on an employee award, based on the length of service that can be excluded from the employee's gross income is $ . The blank represent a dollar amount

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