Craig, a single taxpayer, received the following items in 2015: dividends of $450, wages of $32,000, child support from his ex-spouse of $400 per month, a new television worth $1,200 from a door prize at a conference he attended, a gift of $3,000 from Craig's parents, and $200 of interest on bonds issued by the State of Arizona. Craig set aside $4,000 of his wages (the $4,000 has not been deducted from the $32,000 of wages listed previously) to cover childcare for his dependent children. He also receives a reimbursement of $270 per month to pay for public transportation passes each month (also not deducted from the $32,000 of wages reported previously). Based on the above, what is Craig's gross income in 2015?

Question

​Craig, a single taxpayer, received the following items in 2015: dividends of $450, wages of $32,000, child support from his ex-spouse of $400 per month, a new television worth $1,200 from a door prize at a conference he attended, a gift of $3,000 from Craig's parents, and $200 of interest on bonds issued by the State of Arizona. Craig set aside $4,000 of his wages (the $4,000 has not been deducted from the $32,000 of wages listed previously) to cover childcare for his dependent children. He also receives a reimbursement of $270 per month to pay for public transportation passes each month (also not deducted from the $32,000 of wages reported previously). Based on the above, what is Craig's gross income in 2015?

Quizplus · Accepted Answer

The Answer is Gross income equals
$28,090.
Gross income equals $28,090.

​Craig, a Single Taxpayer, Received the Following Items in 2015

Craig, a Single Taxpayer, Received the Following Items in 2015