SM_C05 - CHAPTER 5 GROSS INCOME: EXCLUSIONS SOLUTIONS TO...

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CHAPTER 5 GROSS INCOME: EXCLUSIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Inheritance and compensation Unchanged 1 2 Income from bequests New 3 Gift to employees Unchanged 3 4 Life insurance proceeds and “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 consideration Unchanged 7 8 Life insurance: cash surrender value and accelerated death benefits Unchanged 8 9 Scholarship and lodging New 10 Damages Unchanged 10 11 Damages Unchanged 12 12 Unemployment compensation and workers compensation Unchanged 13 13 Health Savings Account (HSA) Unchanged 14 14 Salary decrease versus health insurance premiums New 15 Cafeteria plans versus flexible spending plans Unchanged 16 16 Fringe benefits: employee discounts Unchanged 17 17 Alternative compensation options Unchanged 18 18 Qualified transportation fringe Unchanged 19 19 Employer provided facilities Unchanged 20 20 Qualified retirement planning services New 21 Foreign earned income Unchanged 21 22 Taxable versus tax-exempt bonds Unchanged 22 23 Tax benefit rule New 24 Qualified state tuition program Unchanged 24 5-1
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5-2 2009 Individual Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 25 Tax benefit rule versus subsequent income payments Unchanged 25 26 Income from discharge of indebtedness New 27 Income from discharge of indebtedness Unchanged 27 *28 Life insurance, inheritance, and gifts New 29 Life insurance and accident benefits Unchanged 29 30 Accelerated death benefits New 31 Gifts and fringe benefits and disaster area payments New 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 Modified 41 42 Meals and lodging Unchanged 42 43 Meals and lodging New *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 Unchanged 50 51 Unrealized gains and losses, stock dividends, and dividend reinvestment Unchanged 51 *52 Tax-exempt bonds versus taxable bonds New 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 59 *60 Cumulative Modified 60
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SM_C05 - CHAPTER 5 GROSS INCOME: EXCLUSIONS SOLUTIONS TO...

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