Taxable income includes: a-child support payments b-sick pay c-welfare payments d-workers ...
Question:
Taxable income includes:
a-child support payments
b-sick pay
c-welfare payments
d-workers compensation payments
Taxable Income:
An important calculation that must be computed on a tax return is taxable income and it is critical that this number is accurate. This is the amount of income that is actually subject to tax after the standard deduction or itemized deductions are computed.
Answer and Explanation: 1
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View this answerAnswer choice: b. sick pay
Explanation:
Sick pay is included in taxable income just like wages received from working. In contrast, child support...
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Income Tax: Tax Liability & Deductions
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Chapter 3 / Lesson 5
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Learn what income tax liability is. Find out what taxable and adjusted gross income are, discover how to calculate tax liability, and examine common deductions.
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