Business, 15.10.2019 22:20 kadenbaker4788

Tax drill - gross income from certain sources indicate whether the following statements are "true" or "false" regarding various sources of income. a. the taxpayer can avoid including prizes and awards in gross income by refusing to accept the prize or award. b. certain employee achievement awards in the form of tangible personal property that are made in recognition of length of service or safety achievement are excludable. c. the fair market value of prizes and awards (other than scholarships exempted under § 117) must be included in gross income. d. the premiums on the first $100,000 of group term life insurance protection are excludable from the employee's gross income. e. after experiencing dissatisfaction with the irs's treatment of unemployment compensation, congress amended the code to make the benefits taxable. f. if the group term life insurance plan discriminates in favor of certain key employees (e. g., officers), the key employees are not eligible for the exclusion.

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Tax drill - gross income from certain sources indicate whether the following statements are "true" o...

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