Short Answer
Identify the following with an E if all or part of the item could be an exclusion from gross income or D if all or part of the item could be a deduction.
-Identify the following with an E if all or part of the item could be an exclusion from gross income or D if all or part of the item could be a deduction.
_____ a. Scholarship
_____ b. Medical expense
_____ c. Charitable contribution
_____ d. Life insurance proceeds
_____ e. Inheritances
_____ f. State income taxes
_____ g. Tax exempt interest
_____ h. Student loan interest
_____ i. Social Security benefits
_____ j. The value of food stamps
a. Scholarship _____
f. State income taxes
Correct Answer:

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. a. E b. D c. D d. ...View Answer
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