If $ of credit card debt is cancelled for a borrower, the $ would be:
a nontaxable income
b taxable income
c deferred income until the next tax year
d taxable
If an employee receives tuition assistance from their employer, how much is not considered taxable income in the current tax year?
a $
b $
c $
d $
If there is interest income andor dividend income exceeding $ the taxpayer would be required to file which form with the
a Schedule
b Schedule C
c Schedule
d Schedule
Original Issue Discounts OIDs on bonds held for investment:
a Increase interest income for tax purposes
b Decrease interest income for tax purposes
c Have no impact on interest income for tax purposes.
d None of the above.
John withdrew $ from a plan for his yearold son, John Jr John Jr is in grade and attends a pr middle school. Assuming that the $ is all earnings in the plan, how much of the distribution would be considered taxable income?
a $
b $
$
$
