Ms.Marple's books and records for 2019 reflect the following information: $$\begin{array} { | l | r | }
\hline \text { Salary earned this year } & \$ 65,000 \
\hline \text { Interest on savings account (credited to her account in } & \
2019 , \text { withdrawn in 2020) } & 1,000 \
\hline \text { Interest on county bonds earned and collected in 2019 } & 2,000 \
\hline
\end{array}$$ What is the amount Ms.Marple should include in her gross income in 2019?
A)$66,000
B)$67,000
C)$68,000
D)$65,000

Question

Ms.Marple's books and records for 2019 reflect the following information: $$\begin{array} { | l | r | } 
\hline \text { Salary earned this year } & \$ 65,000 \
\hline \text { Interest on savings account (credited to her account in } & \
2019 , \text { withdrawn in 2020) } & 1,000 \
\hline \text { Interest on county bonds earned and collected in 2019 } & 2,000 \
\hline
\end{array}$$ What is the amount Ms.Marple should include in her gross income in 2019?
A)$66,000
B)$67,000
C)$68,000
D)$65,000

Quizplus · Accepted Answer

Interest on savings account is not included in gross income until withdrawn.

MsMarple's Books and Records for 2019 Reflect the Following Information