Question
Rebecca has the following items to consider for her 2020 tax return. What is Rebeccas Gross Taxable income for 2020? Salary $80,000 Her bonus for
Rebecca has the following items to consider for her 2020 tax return. What is Rebeccas Gross Taxable income for 2020?
Salary | $80,000 |
Her bonus for 2020 of $2,000 was automatically placed in her bank account on January 10, 2021 by her employer | $5,000 |
Interest from her bank account at First National Bank | $500 |
Interest from a bond she purchased two years ago from the State of Minnesota | $200 |
Rebecca watched her neighbors two high school children for one week, while her neighbors were on vacation. In exchange, her neighbors gave her two tickets to the Vikings/Packers game, which had a face value of $200, but a market value of $500. | You Decide |
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