Business, 15.02.2021 20:20 qxchung9835
Kennedy had a very busy 2020 as she graduated with a master in public health in May and began work in July. She has asked you for help with her 2020 tax return. For each item, indicate whether: (i) the item would be recognized in gross income this year, (ii) the item would be excluded or deferred from gross income this year, or (iii) more information is needed.
Kennedy received free health care from her employer but the coverage would've cost $2,000 if she had to pay for it.
a. included
b. excluded or deferred
c. more information is needed
Answers: 3
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Kennedy had a very busy 2020 as she graduated with a master in public health in May and began work i...
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