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Penelope Summers received certain income benefits in 2019. She received $1,400 of state unemployment insurance benefits, $2,000 from a Federal Unemployment Trust Fund and $3,700 workers’ compensation received
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Penelope Summers received certain income benefits in 2019. She received $1,400 of state unemployment insurance benefits, $2,000 from a Federal Unemployment Trust Fund and $3,700 workers’ compensation received for an occupational injury. What amount of the compensation must Penelope include in her income?

User Jakub Jurkian
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1 Answer

3 votes

Answer:

$3,400

Step-by-step explanation:

State and federal unemployment insurance benefits are taxable, and they must be included in your AGI = $1,400 + $2,000 = $3,400

Workers' compensation received for an occupational injury are not taxable. Only if you return to work while still receiving compensation will that amount be taxable.

User Senthilkumar
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5.6k points
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