Each of the Numbered Items Below Is Accorded Only One

question 37

Multiple Choice

Each of the numbered items below is accorded only one of the following lettered treatments. Use the existing law as it applies to the current year, match the best answer to the statements below.
-Julia receives $6.3 million in compensatory damages for a personal physical injury.

• A)Fully excluded from gross income.
• B)Fully included in gross income.
• C)Partially excluded from gross income.