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On Her 18th Birthday, Anna's Grandfather Gave Her Stock Worth

Question 3

Multiple Choice

On her 18th birthday, Anna's grandfather gave her stock worth $100,000. During the current year, Anna receives $5,000 of dividends on the stock, which she uses to pay college expenses. The cost of Anna's tuition, fees, and books is $4,000. Anna's income from this event is:


A) $- 0 -
B) $1,000
C) $4,000
D) $5,000
E) $75,000

Correct Answer:

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