Comp SM_Ch05 - CHAPTER 5 GROSS INCOME: EXCLUSIONS SOLUTIONS...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: CHAPTER 5 GROSS INCOME: EXCLUSIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Life insurance proceeds and compensation Unchanged 1 2 Income from gifts and bequests Unchanged 2 3 Gift to employees Unchanged 3 4 Gift versus compensation Unchanged 4 5 Gift versus compensation Unchanged 5 6 Life insurance: accelerated death benefits Unchanged 6 7 Life insurance: transfer for valuable consideration New 8 Life insurance: cash surrender value and accelerated death benefits Unchanged 8 9 Scholarship and tuition waiver Unchanged 9 10 Damages Unchanged 10 11 Damages Unchanged 11 12 Damages Unchanged 12 13 Unemployment compensation New 14 Accident and health plan Unchanged 14 15 Cafeteria plan Unchanged 15 16 Fringe benefits: no-additional-cost services Unchanged 16 17 Fringe benefits: employee discounts Unchanged 17 18 No-additional-cost service Unchanged 18 19 Qualified employee discounts Modified 19 20 Issue ID Unchanged 20 21 Foreign earned income Unchanged 21 22 Taxable versus tax-exempt bonds New 23 Patronage dividends and the tax-benefit rule Unchanged 23 24 Qualified state tuition program New 25 Tax benefit rule New 26 Income from discharge of indebtedness Unchanged 26 5-1 5-2 2005 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 27 Issue ID Unchanged 27 * 28 Life insurance and inheritance Unchanged 28 29 Life insurance and accident benefits New 30 Accelerated death benefits New 31 Gifts and fringe benefits Unchanged 31 32 Death benefits New 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 Modified 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 Unchanged 43 * 44 Accident and health plans, athletic facilities Modified 44 45 Working condition fringe New * 46 Fringe benefits versus taxable compensation Modified 46 47 Flexible benefits plan Modified 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 Unchanged 51 52 Tax-exempt bonds Modified 52 53 Tax-favored educational savings programs Unchanged 53 * 54 Educational savings bond exclusion Unchanged 54 55 Qualified state tuition program Unchanged 55 56 Tax benefit rule New 57 Income from discharge of indebtedness Unchanged 57 58 Income from discharge of indebtedness Unchanged 58 * 59 Cumulative Modified 59 * 60 Cumulative Unchanged 60 Research Problem 1 Tax-exempt housing Unchanged 2 Fringe benefits New 3 Internet activity Unchanged Gross Income: Exclusions 5-3 *The solution to this problem is available on a transparency master.*The solution to this problem is available on a transparency master....
View Full Document

This note was uploaded on 03/14/2010 for the course ACC 11101 taught by Professor Sun during the Spring '10 term at Abraham Baldwin Agricultural College.

Page1 / 27

Comp SM_Ch05 - CHAPTER 5 GROSS INCOME: EXCLUSIONS SOLUTIONS...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online