Lindsay Corporation made the following payments to the family of Luke Marshall, an employee who died during the year.
$5,000 for Luke's final paycheck that he failed to collect
$10,000 for accrued vacation days as required by the employment contract
$25,000 for in admiration of Luke's outstanding service to the community
What is the total amount that Luke's family must include in income?
A) $0
B) $5,000
C) $15,000
D) $40,000
Answer: C
Tax
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