T had $600 in state income tax withheld in 2011 and received a refund of $258 in 2012.T is single and always files Form 1040A.The refund is not included in gross income in 2012.
Correct Answer:
Verified
Q10: The value of leasehold improvements made by
Q11: For child and dependent care assistance provided
Q12: H voluntarily pays W $200 a month
Q13: Distributions of cash and other assets to
Q14: The current tax law requires that the
Q16: When a mutual fund distributes dividends, the
Q17: In the calculation of gross income, income
Q18: Insurance proceeds received to cover lost profits
Q19: All interest from state and municipal bonds
Q20: Proceeds received from an employer-provided group-term life
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents