question archive Which of the following is included in gross income? (a) Damages received from a personal injury suit involving personal injuries incurred as a result of whiplash from an automobile accident

Which of the following is included in gross income? (a) Damages received from a personal injury suit involving personal injuries incurred as a result of whiplash from an automobile accident

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Which of the following is included in gross income?

(a) Damages received from a personal injury suit involving personal injuries incurred as a result of whiplash from an automobile accident.

(b) Interest on state of Ohio bonds.

(c) A cash rebate from a car manufacturer after purchasing an automobile.

(d) Lease cancellation fee received from a former tenant of a rental property.

Identify the correct response and then why you chose that response and why you believe the others to be incorrect.

Option 1

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Option 2

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