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Chap 5 Income Tax Solution Essay Example

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Chap 5 Income Tax Solution Essay Example
CHAPTER 5

GROSS INCOME: EXCLUSIONS

SOLUTIONS TO PROBLEM MATERIALS

| | | | |Status: | | Q/P |
|Question/ |Learning | | |Present | | in Prior |
|Problem |Objective |Topic | |Edition | |Edition |
| | | | | | | | |
|1 | |LO 2 |Inheritance and compensation | |Unchanged |1 |
|2 | |LO 2 |Income from gifts | |New | |
|3 | |LO 1, 2 |Gift versus gross income | |Unchanged |3 |
|4 | |LO 2 |Life insurance proceeds and “income in respect of a decedent” | |New | |
|5 | |LO 2 |Gift versus compensation | |New | |
|6 | |LO 2 |Gift and effect of legal obligation | |Unchanged |6 |
|7 | |LO 2 |Life insurance: transfer for valuable consideration | |Unchanged |7 |
|8 | |LO 2 |Life insurance: cash surrender value and accelerated death | |Unchanged |8 |
| | | |benefits | | | |
|9 | |LO 2 |Scholarship and
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