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Calculating gross income and tax exempt income. Daisy Staples received the items and amounts of income shown below during 2014. Help her calculate (a) her
Calculating gross income and tax exempt income. Daisy Staples received the items and amounts of income shown below during 2014. Help her calculate (a) her gross income and (b) that portion ( dollar amount) of her income that is tax exempt. Salary $33,500, Dividends. $800, Gift from mother. $500 , child support from ex husband 3,600, interest on savings account $250 , rental property $900 , loan from bank $2,00, interest on state government bonds $300
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