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Which is excluded from gross income

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Reference no: EM133000328

Problem 1. A taxpayer wishes to contest a tax deficiency in a court. Of the following courts, which one can the taxpayer bring his case to without paying the deficiency first?

A. United States District Court
B. United States Tax Court
C. United States Court of Federal Claim
D. None of above

Problem 2. Which of the following is EXCLUDED from gross income?

A. gifts and inheritances
B. pensions
C. passive activity income
D. annuities

Problem 3. John currently claim his two children as dependents. His adjusted gross income in 2020 was $41,000. In this year, he paid $5,000 to care for his children. What is the maximum dependent care credit he can claim this year?

Reference no: EM133000328

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