Solution-How much are Holly and Jill each required

How much are Holly and Jill each required

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Reference no: EM132655498

Problem - Holly was injured while working in a factory and received $12,000 as workers' compensation while she was unable to work because of the injury. Jill, who was self-employed, was also injured and unable to work. Jill collected $12,000 on an insurance policy she had purchased to replace her loss of income while she was unable to work. How much are Holly and Jill each required to include in their gross income?

Reference no: EM132655498

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How much are Holly and Jill each required

Reference no: EM132655498

Reference no: EM132655498

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