question archive Question 1 (34 points) For each of the following income types and for each family member (if applicable): Group sickness or accident insurance plan benefit: Itemize all amounts of this type (indicate who received it and how much); Determine how much of this income, if any, is required to be reported on a tax return; For each taxpayer, state the line(s) on the tax return or forms/schedules on which this should be reported an the total amount to be reported; If any item is not reportable for tax purposes, write "nil" and explain the reason why
Question 1 (34 points) For each of the following income types and for each family member (if applicable): Group sickness or accident insurance plan benefit: Itemize all amounts of this type (indicate who received it and how much); Determine how much of this income, if any, is required to be reported on a tax return; For each taxpayer, state the line(s) on the tax return or forms/schedules on which this should be reported an the total amount to be reported; If any item is not reportable for tax purposes, write "nil" and explain the reason why
Subject:LawPrice: Bought3
Question 1 (34 points)
For each of the following income types and for each family member (if applicable):
Group sickness or accident insurance plan benefit:
Itemize all amounts of this type (indicate who received it and how much);
Determine how much of this income, if any, is required to be reported on a tax return;
For each taxpayer, state the line(s) on the tax return or forms/schedules on which this should be reported an the total amount to be reported;
If any item is not reportable for tax purposes, write "nil" and explain the reason why.
A. WCB benefit:
B. Inheritance:
C. Remuneration from employer (salaries, wages, taxable benefits, etc.):
D. Strike pay:
E. Retiring allowance:
F. Scholarship:
G. Capital gain from sale of the house:
