bionicboy03120440
18.01.2021 •
Business
Joanna received $69,300 compensation from her employer, the value of her stock in ABC company appreciated by $13,900 during the year (but she did not sell any of the stock), and she received $31,800 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items
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Ответ:
$69,300
Explanation:
According to the scenario, given data are as follows:
Compensation received = $69,300
Stock value appreciated (Not sell)= $13,900
Insurance amount = $31,800
So, we can calculate the Joanna's gross income by using following formula:
Joanna's Gross income = $69,300 + 0 + 0 = $69,300
Stock value is not included because it is not sold.
Insurance amount is not considered in gross income.
Hence, Joanna's gross income is $69,300.
Ответ:
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