/ 15 50% 5- Bland lane ones were divorcedonianuary 1, 2016. They have children. In accordance with the heroe decrease transferred to the house over to Jane. The home had far market value of $250.000 to a $100,000 mortgage Under the direment, male $1.000 monthly mortgage payments on the home for the remainder of the mortgage in the current year, made 12 mortgage payments. What amount is taxable to one in the current year? . Amold was employed during the first six months of the year and cared 500,000 salary. During the next six months, he collected 7.200 of unemployment compensation, bomowed 6,000 (sing his personal residences collateral), and withdrew $1,000 from his wings count including 6 inters. When he left his former employer, he with his retirement benefits qualified) in almof $50,000. He made no contributions to the plan. Amold's parents owned him $10.000 (Interest-Groen July 1 of the current year, when the Foderal rate was 3%. Amold did not pay the loan during the year and wed the money for living expenses Calculate Amold's adjusted gross income for the you Chat 1. Stephen is a graduate student at West Universite words part time at the campus coffee shop earning 55,000 this year. Stephen C525.000 scholarship that pays for his tuition fees, and books. What amount does Stephen include in his gross income? a $25,000 b. 55.000 C 50.000 d. 50 2. Linda is an employee of Corporation. Which of the following would be included in Linda's gross income? a Premiumspad by RH Corporation for a group the insurance policy for 550.000 of coverage for Linda . $1,000 of tuition paid by Corporation to State University for Linda's master's degree program CA $2,000 trip given to Linda by Corporation for metingels d $1.200 paid by Corporation for a long for unde 3. Kim was seriously injured ut her job. As a result of her she recived the following payments $5,000 reimbursement from employer provided for medical expenses paid by Kim. The premiums this year old by's employer totaled $6,000 $15.000 disability pay. Kim has disability insurance provided by her employer as anontabile fringe benefit Kim's employer paid 5.000 inability premium this year on behalf of Kim $10,000 received for damages for personal $200,000 for punitive damages What amount is able to Kim? 2.5215,000 b. $225,000 $236,000 d. So 4. Danny received the following interest and vidend payments amount should Denny include in prosincome? Source Art City of Atlanta bondiner 11,200 U.S. Treasury bond interest 500 State of Georgia bond in 1,000 Elis Company common stock dividend 400 Row Corporation bond interest 600 / 15 50% 5- Bland lane ones were divorcedonianuary 1, 2016. They have children. In accordance with the heroe decrease transferred to the house over to Jane. The home had far market value of $250.000 to a $100,000 mortgage Under the direment, male $1.000 monthly mortgage payments on the home for the remainder of the mortgage in the current year, made 12 mortgage payments. What amount is taxable to one in the current year? . Amold was employed during the first six months of the year and cared 500,000 salary. During the next six months, he collected 7.200 of unemployment compensation, bomowed 6,000 (sing his personal residences collateral), and withdrew $1,000 from his wings count including 6 inters. When he left his former employer, he with his retirement benefits qualified) in almof $50,000. He made no contributions to the plan. Amold's parents owned him $10.000 (Interest-Groen July 1 of the current year, when the Foderal rate was 3%. Amold did not pay the loan during the year and wed the money for living expenses Calculate Amold's adjusted gross income for the you Chat 1. Stephen is a graduate student at West Universite words part time at the campus coffee shop earning 55,000 this year. Stephen C525.000 scholarship that pays for his tuition fees, and books. What amount does Stephen include in his gross income? a $25,000 b. 55.000 C 50.000 d. 50 2. Linda is an employee of Corporation. Which of the following would be included in Linda's gross income? a Premiumspad by RH Corporation for a group the insurance policy for 550.000 of coverage for Linda . $1,000 of tuition paid by Corporation to State University for Linda's master's degree program CA $2,000 trip given to Linda by Corporation for metingels d $1.200 paid by Corporation for a long for unde 3. Kim was seriously injured ut her job. As a result of her she recived the following payments $5,000 reimbursement from employer provided for medical expenses paid by Kim. The premiums this year old by's employer totaled $6,000 $15.000 disability pay. Kim has disability insurance provided by her employer as anontabile fringe benefit Kim's employer paid 5.000 inability premium this year on behalf of Kim $10,000 received for damages for personal $200,000 for punitive damages What amount is able to Kim? 2.5215,000 b. $225,000 $236,000 d. So 4. Danny received the following interest and vidend payments amount should Denny include in prosincome? Source Art City of Atlanta bondiner 11,200 U.S. Treasury bond interest 500 State of Georgia bond in 1,000 Elis Company common stock dividend 400 Row Corporation bond interest 600
