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During the year, Cathy received the following: Dividends of $4,000 from Lindsay Corporation. Cathy's father owned the stock and directed the corporation to send the
During the year, Cathy received the following:
Dividends of $4,000 from Lindsay Corporation. Cathy's father owned the stock and directed the corporation to send the dividends to Cathy.
$30,000 salary for working as an accountant at BHCC Corporation.
$5,500 cash gift from her uncle.
$10,000 inheritance from her grandmother.
What amount must Cathy include in gross income?
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