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Donna works for a painting company. As an employee she can make use of the services of the company at a discounted rate. She has
Donna works for a painting company. As an employee she can make use of the services of the company at a discounted rate. She has her house painted by the company for only $5,000. The job would have normally cost 57,000. How much will Donna include in gross income? Zero. $600 O $1,400 $2,000 QUESTION 4 Bobby, a single taxpayer, buys a U.S. Savings Bond for $15,000 when he is 25 years old. He redeems it for $18,000 several years later and spends $12,000 of the proceeds on college tuition for his dependent child. Bobby's AGL is $50,000. How much interest will he include in his gross income due to the redemption of the bond? Zero $1,000 $2,000 $3,000
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