Question
This year, Gerald received a $25,000 gift from his father, he inherited a house worth $190,000 when his grandfather passed away, and he earned $80,000
This year, Gerald received a $25,000 gift from his father, he inherited a house worth $190,000 when his grandfather passed away, and he earned $80,000 at his job. In addition, Gerald rented out the house he inherited from his grandfather, earning $9,000 of rental income. What is Geralds gross income?
| $304,000 | |
| $114,000 | |
| $105,000 | |
| $89,000 |
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College Accounting Chapters 1-9
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305666186, 9781305666184
