Question
22. How much gross income does Faith have from the following items of economic income? Received cash gift of $6,000 from parents Received $12,000 in
22. How much gross income does Faith have from the following items of economic income? Received cash gift of $6,000 from parents Received $12,000 in alimony payments from her former spouse (2017 agreement) Received $18,000 in child support payments from her former spouse (2017 agreement) Won $6,000 in a slot machine in Las Vegas Faiths vacation home on Lake Tahoe increased in value by $15,000. Collected $14,000 in unemployment benefits
a. $18,000 b. $30,000 c. $32,000 d. $38,000 e. $50,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
