1. Janet just got her credit card bill. The bill is for a 30 day billing period. The bill indicated that she started with a $900 balance, on day 14 charged $200, on day 20 charged $99, on day 26paid$500. There was no other activity on the account during the 30 day period. What is her average daily balance for the month if calculatedinclusiveof new purchases on the day they were incurred?

2.

Below is a list of possible items to include when calculating Melinda's total reportable gross income for 2011. Indicate below each value that should be included in gross income. Please note that Melinda did not itemize deductions in 2010.

Question 7 options:

$18,000 in child support received

$1200 earned off her hobby on etsy

$12,000 gift from her parents

$4,000 bonus earned at work

$5,000 in alimony received from first husband

$50,000 Salary

$10,000 life insurance proceeds from a policy covering a deceased grandmother

$800 state income tax refund