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plz help Question 4 Peggy is an executive for the Tan Furniture Manufacturing Company. Peggy purchased furniture from the company for $5,000, the price Tan
plz help
Question 4 Peggy is an executive for the Tan Furniture Manufacturing Company. Peggy purchased furniture from the company for $5,000, the price Tan ordinarily charges a wholesaler. The retail price of the furniture was $12,000. The company also paid for Peggy's parking space in a garage near the office. The parking fee was $300 per month ($3,600 for the year). Peggy's gross income from the above is (the parking fee allowed for 2021 is $270 per month): $0 $360 $7.000 $540 Harry is 62 years old and an employee at Star Corporation. Star pays $1.500 for Harry to attend a special seminar on how to manage your retirement and pension funds. Harry must include in gross income $1,500 $750 so $1.000 Question 9 In 2021, Khalid and Rashad had an automobile accide caused by Khalid's negligence. Rashad received $20,000 for the loss of income while he was recovering from the accident, $15,000 for medical expenses, and $6,000 punitive damages. The payments were received in 2021. As a result of the above, Rashad must include in gross income: $41,000 $20.000 George, an unmarried taxpayer, received the following amounts during 2021: Interest on savings account; $2,400 5% stock dividend on IBM stock. George received 20 shares. FMV of the shares is $800. Cash dividends on USG common stock $200 Interest on City of Radford school bonds $600 What amount should George report as gross income, after exclusions if any, from dividends and interest for 2021? $4,300 $3,900 $3.400 Moving to another question will save this responseStep by Step Solution
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