Question 55 of 80 Which of the following items are not taxable on the federal re

Question

Question 55 of 80 Which of the following items are not taxable on the federal return? (Seleet ALL 7 that apply) A) Federal income tax refund B) Workers compensation C) Gifts [y] D) Supplemental security income (SSI) E) Life insurance proceeds F) Inheritances G) Public assistance payments (including certain Temporary Assistance for Needy Families, TANF, payments) H) Tips of less than $20 1) Money earned as an independent contractor that is not reported on Form 109-MSC box 7 Back Next Submit All 71219 154559 jpg 201 71219,154534)pg 20171210-1545 16jpg ^ D Type here to search

Explanation / Answer

Answer: All Options, except option(H), are not taxable on federal return.

Because, all  tips are taxable even if they are not subject to social security and all income earned from working is taxable whether or not a Form 1099-MISC is received.

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