Income
Taxable and Nontaxable Income
Topic Activity
Tax Your Memory
Type a
T
for Taxable or
N
for Nontaxable in the blank next to each type of income, then click Check My Answer.
Description
Type of Income
T
= Taxable; subject to federal income taxes
Inheritances, bequests and gifts
N
= Nontaxable; exempt from federal income taxes
Child support
Gambling winnings
Veterans' life insurance dividends
Unemployment compensation
Alimony
Cash tips or bonuses
Workers' compensation
Click Exit to close this topic.
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