Mark, a cash- basis taxpayer, died on September 30, 2018. His wife, Charlotte, provides you with the following information.
From January 1, 2018 until his death, Mark received a salary of $35,000. Charlotte received a salary of $68,000 du 2018. Mark had earned commissions of $20,000 which Charlotte received after his death. Charlotte was the benef a $100,000 whole life policy purchased by Mark and a $50,000 group term life insurance policy purchased by Ma employer. The employer had paid premiums of $250 on Mark's behalf. In addition, the corporation paid Charlotte a $10,000 employee death benefit in Mark's name. All employees' families received similar benefits regardless of financial need. Mark and Charlotte had itemized deductions of $25,600. What is the amount of their taxable income on their 2018 tax return?

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The Answer of Mark, a cash- basis taxpayer, died on September 30, 2018. His wife, Charlotte, provides you with the following information.
From January 1, 2018 until his death, Mark received a salary of $35,000. Charlotte received a salary of $68,000 du 2018. Mark had earned commissions of $20,000 which Charlotte received after his death. Charlotte was the benef a $100,000 whole life policy purchased by Mark and a $50,000 group term life insurance policy purchased by Ma employer. The employer had paid premiums of $250 on Mark's behalf. In addition, the corporation paid Charlotte a $10,000 employee death benefit in Mark's name. All employees' families received similar benefits regardless of financial need. Mark and Charlotte had itemized deductions of $25,600. What is the amount of their taxable income on their 2018 tax return?

Mark, a Cash- Basis Taxpayer, Died on September 30, 2018