What is the taxpayer's statutory income based on the following:

Salary received: $75,000;

rent received: $15,000;

net capital gain: $5,000;

Interest received: $3,000

compensation (for loss of wages) received: $9,000.

Question 10Answer

a.

$14,000

b.

$102,000

c.

$90,000

d.

$5,000