Chapter5 - Path:...

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Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-005_V1-SM.3d Date: 13th April 2006 Time: 14:30 User ID: CHAPTER 5 GROSS INCOME: EXCLUSIONS SOLUTIONS TO PROBLEM MATERIALS Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 1 Inheritance and compensation Unchanged 1 2 Income from gifts and bequests Unchanged 2 3 Gift to employees Unchanged 3 4 Life insurance proceeds versus ‘‘income in respect of a decedent’’ New 5 Gift versus compensation Unchanged 5 6 Life insurance: accelerated death benefits Unchanged 6 7 Life insurance: transfer for valuable consider- ation Unchanged 7 8 Life insurance: cash surrender value and accelerated death benefits Unchanged 8 9 Scholarships New 10 Damages Unchanged 10 11 Damages New 12 Damages Unchanged 12 13 Unemployment compensation and workers compensation New 14 Health Savings Account (HSA) Unchanged 14 15 Salary increase versus health insurance pre- miums New 16 Cafeteria plans versus flexible spending plans Unchanged 16 17 Fringe benefits: employee discounts New 18 No-additional-cost service Unchanged 18 19 Qualified employee discounts Unchanged 19 20 Employer provided facilities Unchanged 20 21 Foreign earned income Unchanged 21 22 Taxable versus tax-exempt bonds Unchanged 22 23 Patronage dividends and the tax-benefit rule New 24 Qualified state tuition program Unchanged 24 25 Tax benefit rule versus subsequent income payments Unchanged 25 26 Income from discharge of indebtedness Unchanged 26 5-1
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Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-005_V1-SM.3d Date: 13th April 2006 Time: 14:30 User ID: 40223 Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 27 Income from discharge of indebtedness Unchanged 27 * 28 Life insurance and inheritance Unchanged 28 29 Life insurance and accident benefits Modified 29 30 Accelerated death benefits Unchanged 30 31 Gifts and fringe benefits and disaster area payments Modified 31 32 Death benefits Unchanged 32 33 Life insurance: use of proceeds Unchanged 33 34 Scholarship Unchanged 34 35 Scholarship Unchanged 35 36 Damages Unchanged 36 37 Damages Unchanged 37 38 Health insurance, medical reimbursement Unchanged 38 39 Fringe benefits Unchanged 39 40 Medical reimbursement plan versus flexible benefits plan Unchanged 40 41 Long-term care insurance benefits Unchanged 41 42 Meals and lodging Unchanged 42 43 Meals and lodging Unchanged 43 * 44 Accident and health plans, athletic facilities Unchanged 44 45 Working condition fringe Unchanged 45 * 46 Fringe benefits versus taxable compensation Unchanged 46 47 Flexible benefits plan Unchanged 47 48 Fringe benefits Unchanged 48 * 49 Foreign earned income Unchanged 49 50 Tax benefit rule, tax-exempt income Modified 50 51 Unrealized gains and losses, stock dividends, and dividend reinvestment Unchanged 51 52 Tax-exempt bonds Unchanged 52 53 Tax-favored educational savings programs Unchanged 53 54 Educational savings bond exclusion Modified 54 55 Qualified state tuition program Unchanged 55 56 Tax benefit rule Unchanged 56 57 Income from discharge of indebtedness Unchanged 57 58 Income from discharge of indebtedness Unchanged 58 * 59 Cumulative Modified 60 * 60
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This homework help was uploaded on 04/17/2008 for the course ACC 1011 taught by Professor Macke during the Spring '07 term at University of Advancing Technology.

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Chapter5 - Path:...

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