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Which of the following statements is INCORRECT regarding workers' compensation payments? The payments are included in gross income because they are a replacement of wages.
Which of the following statements is INCORRECT regarding workers' compensation payments?
The payments are included in gross income because they are a replacement of wages.
The payments are nontaxable because they are due to a physical injury.
The payments are received due to workrelated physical injury.
Workers' compensation payments have a different tax treatment from unemployment compensation payments.
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