Question
Please match to one of the following: A: Fully included in taxable income in 2020 B: Partially included in taxable in 2020 C: Fully excluded
Please match to one of the following: A: Fully included in taxable income in 2020 B: Partially included in taxable in 2020 C: Fully excluded from taxable income in 2020
Life insurance proceeds of $65,000 (the face value) received by beneficiary in April 2020 upon death of parent
[ Choose ] C A B
$1,000 interest received in June 2020 on Johnson County Municipal Bonds
[ Choose ] C A B
$1,500 damage deposit received in December 2020 from tenants to make sure that they keep apartments in good condition
[ Choose ] C A B
$1,200 in cash tips received by resturant server in July 2020
[ Choose ] C A B
$1,000 state income tax refund received in May 2020, by a taxpayer who always takes the standard deduction
[ Choose ] C A B
$500 paycheck received December 31, 2020, when employers bank account is overdrawn and the check cannot be cashed or deposited
[ Choose ] C A B
$15,000 gift received in August 2020 from an old friend
[ Choose ] C A B
$2,000 dividend received in November 2020 on General Motors stock
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