Explain why income would not be taxable give examples of, Business Economics

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Explain why income would not be taxable give examples of

Explain why income would not be taxable.

Give examples of what constitutes Non-Taxable Income.

Explain how the income would be excluded and give any formulas or calculations used to show the Non-taxable portion. Also explain if and where you would report this information on the Form 1040. Please give a reference to your source.

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