Which of the following items are not included in gross income for the calculation of your federal income taxes?
A) Wages and salaries
B) Life insurance benefits
C) Awards
D) Bonuses
E) All of the above items are included in gross income.
Correct Answer:
Verified
Q2: For individuals with income below specified limits,a
Q3: An increase in which of the following
Q4: Taxable income equals adjusted gross income minus
A)tax
Q5: If parents claim a child as an
Q6: Which item below is a nontaxable exclusion
Q7: Which of the following is definitely not
Q8: Which of the following items are not
Q9: Under the current tax law
A)only wage-earners may
Q10: Personal exemptions are deducted from
A)gross income.
B)adjusted gross
Q11: Using the federal income tax formula,which statement
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