CFP® Practice Question: Includible in Gross Income?

Which of the following is includible in gross income for federal income tax purposes?

A. Gift from a grandfather to pay tuition
B. A year-end bonus received by an employee, based on business profits
C. Excess living expenses received under an insurance contract after a home was damaged by fire
D. Interest paid on most bonds issued by a state or political subdivision
E. Child support payments received from an ex-spouse