QUESTION 25 2.5 points Save Answer Joanna received $68,400 compensation from her employer, the value of her stock in ABC company appreciated by $4,600 during the year (but she did not sell any of the stock), she received $44,400 of life insurance proceeds from the death of her husband. What is the amount of Joanna's cross income from these items? a SGR 400 $77,000 b. c. $112,800 $121,400 QUESTION 26 2.5 points Save Answer Jake sold some stocks for $2,400 in cash this year, he had purchased the stock for $1,000 five years ago. What is his realized taxable gain? a $1,000 gain b. No gain should be recognized c. $2,400 d. $1,400 gain QUESTION 27 2.5 points Save Answer Dave and Jane lile a joint zelues. They sold a capital asset this lax year at a $150,000 loss. They have wages of $200,000 and other income. Calculate their gross income this lax year. 3. Gross Income $50,000 b. Gross Income $200,000 c. Gross Income $194,000 d. Gross Income $197,000 QUESTION 28 1.5 points Saved Up to 100% of Social Security benefits are included in income for high income taxpayers. * True False