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Business, 28.05.2021 19:40 bluetigerbird5323

In 2017, Kimberly received income from many different sources. Select from the option list provided whether her adjusted gross income should fully include, completely exclude, or partially exclude the income amounts below. Each choice may be used once, more than once, or not at all. Income Answer

1. $35,000 of wages reported on her W-2.

2. Interest of $600 from a personal loan made to a friend.

3. Dividends exceeding premiums by $1,100, received from a life

insurance policy.

4. $3,500 of unemployment compensation paid by the federal

government.

5. Qualified dependent care assistance worth $5,800.

6. Kimberly found a $4,000 diamond ring (that did not belong to her) in

the used couch she purchased 2 years ago, i. e., the ring was already in

the couch when purchased.

7. $1,950 of interest on bonds issued by the state of Maine.

8. Qualified reimbursement of $400 of moving expenses by Kimberly's

employer.

9. $5,000 award for civic achievement which Kimberly put directly in the

bank.

Choices: Include in AGI, Partially Exclude from AGI ,Completely Exclude from AGI

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