H & R Block Midterm Review Exam with complete solutions

H & R Block Midterm Review Exam with complete solutions Some types of income do not need to be reported anywhere on a federal tax return. This includes all of the following EXCEPT: A.) Most medical insurance proceeds B.) Worker's compensation paid to an employee who was injured on the job. C.) Welfare benefits D.) Unemployment compensation - ANS ️️ D.) Unemployment compensation Which of the following is considered earned income? A.) Interest from a bank account. B.) Unemployment compensation C.) Income from farming D.) Gambling Winnings - ANS ️️ C.) Income from farming Which of the following shows these numbers rounded correctly: $31.43, $143.57, $369.22, $1,547.88? A.) $32. $142. $368. $1,547 B.) $31. $144. $369. $1,548 C.) $31. $142. $369. $1,547. D.) $32. $144. $368. $1,547 - ANS ️️ B.) $31. $144. $369. $1,54