Joanna received $50,100 compensation from her employer, the value of her stock in ABC company appreciated...
Joanna received $50,100 compensation from her employer, the value of her stock in ABC company appreciated by $13,300 during the year (but she did not sell any of the stock), and she received $32,000 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items?
Multiple Choice
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$82,100.
-
$95,400.
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$63,400.
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$50,100.
Homework Answers
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Option D (50,100) |
|
|
Appreciation in stock is not a realised amount and life insurance proceeds are not included in gross income calculation Hence option D is the answer |
|
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payments from tenants and she incurred $19,695 of expenses
associated with the rental.
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