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Question 10 George, a cash-basis taxpayer, was ill for several days in 2019 and received sick pay from his company. George will not be required
Question 10 George, a cash-basis taxpayer, was ill for several days in 2019 and received sick pay from his company. George will not be required to report this as income for 2019. 1) True 2) False
Question 11 Ron Rake is a candidate for a master's degree at State University. During 2016, he was granted a fellowship that provided:
Tuition $8,000 Books and supplies 1,500 Room 2,000 Board 1,000
What is the amount Ron may exclude from gross income for 2016?
1) $12,500
2) $11,500
3) $9,500
4) $8,000
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