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Author Question: During the year, Cathy received the following: Dividends of $4,000 from Lindsay Corporation. ... (Read 82 times)

HudsonKB16

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During the year, Cathy received the following:
• Dividends of $4,000 from Lindsay Corporation. Cathy's father owns the stock and directed the corporation to send the dividends to Cathy.
• A car worth $30,000 for being the 1,000th customer at a car dealership.
• $5,500 cash gift from her uncle.
• $10,000 inheritance from her grandmother.

What amount must Cathy include in gross income?
◦ $30,000
◦ $34,000
◦ $39,500
◦ $49,500


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Marked as best answer by HudsonKB16 on Sep 13, 2020

jennafosdick

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HudsonKB16

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Reply 2 on: Sep 13, 2020
Excellent


abro1885

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Reply 3 on: Yesterday
:D TYSM

 

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