Indicate whether each of the items listed below should be included in gross inco
ID: 2396122 • Letter: I
Question
Indicate whether each of the items listed below should be included in gross income or excluded from gross income in the current tax year, 2017. Included Excluded 1 Prizes and awareds 2 Embezzled funds 3 Child support payments 4 Alimony 5 Pensions 6 Inheritances 7 Welfare payments 8 Bequests 9 Jury duty Fees 10 Royalities 11 Life insurance proceeds paid at death 12 Hobby income 13 Rewards 14 Partnership income 15 Casualty insurance proceeds 16 G.I. Bill benefits 17 Scholarships for room and board 18 Business income 19 Gifts Indicate whether each of the items listed below should be included in gross income or excluded from gross income in the current tax year, 2017. Included Excluded 1 Prizes and awareds 2 Embezzled funds 3 Child support payments 4 Alimony 5 Pensions 6 Inheritances 7 Welfare payments 8 Bequests 9 Jury duty Fees 10 Royalities 11 Life insurance proceeds paid at death 12 Hobby income 13 Rewards 14 Partnership income 15 Casualty insurance proceeds 16 G.I. Bill benefits 17 Scholarships for room and board 18 Business income 19 GiftsExplanation / Answer
1 Prizes and awards - included
2 Embezzled funds - included
3 Child support payments - excluded
4 Alimony - included
5 Pensions - excluded
6 Inheritances - excluded
7 Welfare payments - excluded
8 Bequests - included
9 Jury duty Fees - included
10 Royalities - included
11 Life insurance proceeds paid at death - excluded
12 Hobby income - included
13 Rewards - included
14 Partnership income - included
15 Casualty insurance proceeds - excluded
16 G.I. Bill benefits - included
17 Scholarships for room and board - included
18 Business income - included
19 Gifts - excluded