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aige received $15,000 from life insurance paid upon the death of her grandmother. Paige must...

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Question

Accounting

aige received $15,000 from life insurance paid upon the death of her grandmother. Paige must / can do the following relative to her gross income:
Group of answer choices
exclude the entire amount of the life insurance
include the entire amount of the life insurance
defer the entire amount of the life insurance to a different tax year
exclude a portion of the life insurance amount

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