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Question 22 (1 point) Listen During the year, William received the following: (1) Dividends of $1,000 from Grant Corporation. William's father owned the stock and
Question 22 (1 point) Listen During the year, William received the following: (1) Dividends of $1,000 from Grant Corporation. William's father owned the stock and directed the corporation to send the dividends to William, (2) A car worth $25,000 for being the 1000th customer at a car dealership. (3) $2,500 cash gift from his uncle, and (4) $10,000 inheritance from his grandmother. What amount must William include in gross income? $25,000 $20,000 $38,500 $36,000
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