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Scroll down to complete all parts of this task. For each of the items of income below, enter the amount that is included in taxable
Scroll down to complete all parts of this task. For each of the items of income below, enter the amount that is included in taxable income. If the amount included in taxable income is $0, enter a zero (0). A B 1 Income Item Taxable Amount 2 Property with a fair market value of $5,000 received as payment for services 3 Employer reimbursement of college tuition expenses of $8,000 4 Interest received on state and local government bonds of $500 5 Interest of $100 received from the federal government for late payment of a tax refund 6 Property worth $20,000 received as a gift from parents, who purchased it five years ago for $12,000 $15,000 scholarship received by a qualified degree-seeking student 7 used for the following expenses: $10,000 tuition; $2,000 books; $3,000 room and board 8 Workers' compensation payment of $4,000 for a work-related injury 9 $450,000 of proceeds from the sale of a personal residence by a qualified single individual who bought the residence three years ago for $150,000 and has used the home as a principal residence ever since 10 Unemployment compensation benefits of $7,000 11 Land worth $100,000 inherited from grandfather, who purchased it 10 years ago for $50,000 12 Life insurance proceeds of $25,000 from death of grandfather 13 State income tax refund of $300 from the prior year's state income tax return (the standard deduction was used in the prior year) 14 Free tablet worth $400 won as a prize in a raffle drawing Family support (alimony and child support), pursuant to a divorce 15 agreement executed before January 1, 2019, of $18,000 (after the child reaches the age of 18, the support drops to $6,000) 123 123 123 123 123 123 123 123 123 123 123 123 123 123
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