Question 13 (1 point) Which of the following taxpayers will have to recognize taxable income (in whole or in part)? Pick all that apply!
Question 13 (1 point) Which of the following taxpayers will have to recognize taxable income (in whole or in part)? Pick all that apply! John Jones who receives a workers' compensation award for loss of a finger in an industrial accident Rita Jones who receives $10,000 from an employer provided insurance policy where medical expenses were $7,000 and $3,000 was for loss of wages Bill Timmons who receives a $30,000 judgement for injuries suffered in an assault and also $30,000 of punitive damages against the perpetrator. Clara Willis who sues a reporter for damages to her reputation and is awarded $20,000 in a settlement
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