TBS 4- Income Inclusions and Exclusions In 2020, Kimberly received income from many different sources. She is a member of the armed forces. Select from the option list provided whether her adjusted gross income should fully include, completely exclude, or partially exclude the income amounts below. Each choice may be used once, more than once, or not at all. Income Answer 1. $35,000 of wages reported on her W-2. 2. Interest of $600 from a personal loan made to a friend. 3. Dividends exceeding premiums by $1,100, received from a life insurance policy. 4. $3,500 of unemployment compensation paid by the federal government. 5. Kimberly found a $4,000 diamond ring (that did not belong to her) in the used couch she purchased 2 years ago, i.e., the ring was already in the couch when purchased. 6. $1,950 of interest on bonds issued by the state of Maine. 7. Qualified reimbursement of $400 of moving expenses by the military. 8. $5,000 award for civic achievement which Kimberly put directly in the bank. Choices: 1. Include in AGI. 2. Completely Exclude from AGI