Grady is a member of a large family and received the following payments this year. For each payment, determine whether the payment constitutes realized income and determine the amount of each payment Grady must include in his gross income. Note: Leave no answer blank. Enter zero if applicable. Required: a. A gift of \$24,400 from Grady's grandfather. b. One thousand shares of GM stock worth $208 per share inherited from Grady's uncle. The uncle purchased the shares for $47 each, and the shares are worth $213 per share at year-end. c-1. A gift of $72,000 of Ford Motor Bonds. c-2. Grady received the bonds on October 31 , and he received $2,160 of semiannuat interest from the bonds on December 31 . d. A loan of $6,100 for school expenses from Grady's aunt. Complete this question by entering your answers in the tabs below. A gift of $24,400 from Grady's grandfather. Required: a. A gift of $24,400 from Grady's grandfather. b. One thousand shares of GM stock worth $208 per share inherited from Grady's uncle. The uncle purchased the share each, and the shares are worth $213 per share at year-end. c-1. A gift of $72,000 of Ford Motor Bonds. c-2. Grady received the bonds on October 31, and he received $2,160 of semiannual interest from the bonds on Decemb d. A loan of $6,100 for school expenses from Grady's aunt. Complete this question by entering your answers in the tabs below. A gift of $24,400 from Grady's grandfather. a. A gift of $24,400 from Grady's grandfather. b. One thousand shares of GM stock worth \$208 per share inherited from Grady's uncle. The uncle purchased the shares for $ each, and the shares are worth $213 per share at year-end. c-1. A gift of $72,000 of Ford Motor Bonds. c-2. Grady recelved the bonds on October 31 , and he received $2,160 of semiannual interest from the bonds on December 31. d. A loan of $6,100 for school expenses from Grady's aunt. Complete this question by entering your answers in the tabs below. One thousand shares of GM stock worth $208 per share inherited fromn Grady's uncle. The uncle purchased the shares for $47 each, and the shares are worth $213 at year-end. a. A gift of $24,400 from Grady's grandfather. b. One thousand shares of GM stock worth $208 per share inherited from Grady's uncle. The uncle purchased the sha each, and the shares are worth $213 per share at year-end. c-1. A gift of $72,000 of Ford Motor Bonds. c-2. Grady received the bonds on October 31 , and he received $2,160 of semiannual interest from the bonds on Decen d. A loan of $6,100 for school expenses from Grady's aunt. Complete this question by entering your answers in the tabs below. A gift of $72,000 of Ford Motor Bonds. Does the payment constitutes realized income for the gift of Ford Motor Bonds? Amount to be included in Gross Income for the gift of Ford Motor Bonds a. A gift of $24,400 from Grady's grandfather. b. One thousand shares of GM stock worth $208 per share inherited from Grady's uncle. The uncle purchased the shares 1 each, and the shares are worth $213 per share at year-end. c-1. A gift of $72,000 of Ford Motor Bonds. c-2. Grady received the bonds on October 31 , and he received $2,160 of semiannual interest from the bonds on December d. A loan of $6,100 for school expenses from Grady's aunt. Complete this question by entering your answers in the tabs below. Grady recelved the bonds on October 31 , and he received $2,160 of semiannual interest from the bonds on December 31 . Does the payment constitutes realized income for the interest from the Bonds? Amount to be included in Gross income for the interest from the Bonds a. A gift of $24,400 from Grady's grandfather. b. One thousand shares of GM stock worth $208 per share inherited from Grady's uncle. The uncle purchased the s each, and the shares are worth $213 per share at year-end. c-1. A gift of $72,000 of Ford Motor Bonds. c-2. Grady received the bonds on October 31 , and he received $2,160 of semiannual interest from the bonds on Dec d. A loan of $6,100 for school expenses from Grady's aunt. Complete this question by entering your answers in the tabs below. A loan of $6,100 for school expenses from Grady's aunt
