Which of the following may be excluded from income Oa Paymen

Which of the following may be excluded from income? Oa. Payment for the loss of an arm Ob. Reimbursement from the insurance company for a physical examination Oc. Premiums for health insurance paid by the employer d. All of these choices are excluded from gross income. Oe. None of these choices are excluded from gross income.

Solution

OPTION IS - E

I WOULD LIKE TO SHARE YOU IN DETAIL WHAT ARE TO BE INCLUDED IN THE GROSS INCOME

Gross income includes all of our earnings and the income sources throughout the course of any given year in case of self employed gross income consists of salary and wages earned by him as well as bonus and commission received from the employer for taxation purposes gross income includes investment earnings,rentalproperty income, income from disability, dividend earned,

Thank you hope this helpfull