1) Your brother is short on cash and cannot pay his rent this month. You pay his rent for him. Is this taxable income to your brother? Do you get a deduction?
2) Which of the following items would be excluded from income?
(a) $100 bill found under the sugar caddy at the restaurant.
(b) Inheritance of a car from your grandmother valued at $5,000.
(c) Loan from your father-in-law to start your business.
(d) Child Support received totaling $16,500.