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Aaron gifted $10,000 to his 14-year-old daughter in January 20X1. His daughter invested this amount and earned $1,000 interest. She again invested this interest and
Aaron gifted $10,000 to his 14-year-old daughter in January 20X1. His daughter invested this amount and earned $1,000 interest. She again invested this interest and earned another $100. Assume that all these transactions happened in 20X1. What is Aaron's total property income in 20X1 from these transactions?
Question 6 options:
1)
$1,100
2)
$11,100
3)
$0
4)
$1,000
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