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Are the following true or false about Ferderal Income Tax based on $2023$Tax Law.

$-$ Compensation payments received on account of personal injury are not included in the recipient's gross income.

$-$ An employee may exclude from gross income all of the employer's premium cost of a qualifying group term life insurance policy if the policy face amount does not exceed $$100,000.$

$-$ The value of Corp. A preferred stock distributed to a holder of Corp. A common stock is not a taxable event to the recipient shareholder.

$-$ The value of a stock distribution classified as a distribution on preferred stock is generally a taxable event to the recipient shareholder.

$-$ Interest earned on a bank account is picked up as gross income by the account owner in the tax year within which the bank customer withdraws the money.

$-$ The value of meals furnished to an employee by his$/$her employer may be excluded from gross income by the employee if the meals are for the convenience of the employee and are furnished on the premises of the employer.

$-$ The exclusion for interest earned on U$.$S$.$ savings bonds used to finance higher education of the taxpayer is available only to the individual who purchased the bond.

$-$ Under the "fruit of the tree" doctrine, an individual should not be allowed to reduce his$/$her income tax liability by a voluntary assignment of income without a corresponding transfer of ownership of the property creating the income.

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