Question
Questions :- Anne loaned her friend Aaron $8,000. He repaid her with $8,500 twelve months later. What amount must Anne include in her income tax
Questions :- Anne loaned her friend Aaron $8,000. He repaid her with $8,500 twelve months later. What amount must Anne include in her income tax return for the year?
A. $600
B. $8,500
C. $500
D. Nil
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
