This year Ann has the following stock transactions.What amount is included in her gross income if Ann paid a $200 selling commission for each sale?
$\begin{array}{c}
\text { Total Purchase }\
\begin{array}{lll}
\
\text { Shares}\
100 \
200 \
500
\end{array}
\begin{array}{lll}
\
\text { Firm}\
\text { IBM}\
\text { ATT}\
\text { Dell}
\end{array}
\begin{array}{l}
\
\text { Price }\
\$ 5,000 \
7,500 \
12,500
\end{array}
\begin{array}{lll}
\
\text {Sales price}\
\
9,500 \
13,000
\end{array}
\begin{array}{lll}
\
\text {Value at year-end}\
\$ 7,00\
\
\
\end{array}
\end{array}$

Question

This year Ann has the following stock transactions.What amount is included in her gross income if Ann paid a $200 selling commission for each sale?
 $\begin{array}{c}
\text { Total Purchase }\
\begin{array}{lll}
\
\text { Shares}\
100 \
200 \
500
\end{array}
\begin{array}{lll}
\
\text { Firm}\
\text { IBM}\
\text { ATT}\
\text { Dell}
\end{array}
\begin{array}{l}
\
\text { Price }\
\$ 5,000 \
7,500 \
12,500 
\end{array}
\begin{array}{lll}
\
\text {Sales price}\
\
9,500 \
13,000
\end{array}
\begin{array}{lll}
\
\text {Value at year-end}\
\$ 7,00\
\
\
\end{array}
\end{array}$

Quizplus · Accepted Answer

The Answer of This year Ann has the following stock transactions.What amount is included in her gross income if Ann paid a $200 selling commission for each sale?
 $\begin{array}{c}
\text { Total Purchase }\
\begin{array}{lll}
\
\text { Shares}\
100 \
200 \
500
\end{array}
\begin{array}{lll}
\
\text { Firm}\
\text { IBM}\
\text { ATT}\
\text { Dell}
\end{array}
\begin{array}{l}
\
\text { Price }\
\$ 5,000 \
7,500 \
12,500 
\end{array}
\begin{array}{lll}
\
\text {Sales price}\
\
9,500 \
13,000
\end{array}
\begin{array}{lll}
\
\text {Value at year-end}\
\$ 7,00\
\
\
\end{array}
\end{array}$

This Year Ann Has the Following Stock Transactions