Which of the following is not excluded from income? (Assume that any amounts received by the taxpayer were kept.)

Name: Which of the following is not excluded from income? (Assume that any amounts received by the taxpayer were kept.)
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The fair market value of a prize won on a game show is considered taxable income and is not excluded from income. Public assistance payments, gifts and inheritances, and life insurance proceeds paid by reason of death are generally excluded from taxable income.

Which of the Following Is Not Excluded from Income? (Assume