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O Martha's son includes $6,500 in his gross income d. Martha includes only the growth of $2.500 her gross income since the funds were used

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O Martha's son includes $6,500 in his gross income d. Martha includes only the growth of $2.500 her gross income since the funds were used to pay the tuition QUESTION 14 Mary loaned $15,000 to her friend to start a business last year. Her friend only re-paid $3,000 and then the business failed. She also had an $8,000 long-term capital gainst year. During the current year, she unexpectedly collected $11,000 on the debt from her friend. How much Income should Mary report from the collection this you O a $11.000 O 5.50 nince no tax benefit received O $12,000 0.50 QUESTION 15 Dorothy's Enterprises pays employee salaries of S600.000 during the year. At the end of the year. $40,000 of additional salaries have been earned but will not paid yet. What is th deduction for salaries? Dorothy Enterprises may deduct 5640 000 this year if they are an accrual basis taxpayer Dorothy Enterprises may deduct 5640.000 this year if they are a cashbasis tarpiyer. Dorothy Enterprises may deduct 5600,000 this year if they are an accrual bass taxpayer Dorothy Enterprises may deduct only the unpaid salaries of 540.000 this year if they we an accrual basis txpayer

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