What can be excluded from Gross Income
Accident insurance proceeds
Annuities (cost element)
Bequests
Child support payments
A cost-of-living allowance (for military)
Damages for personal injury or sickness
Gifts received
Group term life insurance, premium paid by employer (for coverage up to $50,000)
Inheritances
Interest from state and local (i.e., municipal) bonds
Life insurance paid upon death
Meals and lodging (if furnished for employer's convenience)
Military allowances
Minister's dwelling rental value allowance
Railroad retirement benefits (to a limited extent)
Scholarship grants (to a limited extent)
Social Security benefits (to a limited extent)
Veterans' benefits
Welfare payments
Workers' compensation benefits
which one do you feel should not be excluded? Defend your response. (You must select at least one to discuss.)