Sally received $71,200 of compensation from her employer and she received $410 of interest from a corporate bond. What is the amount of Sally's gross income from these items?
A)$0.
B)$410.
C)$71,200.
D)$71,610.

Question

Quizplus · Accepted Answer

Gross income is the total income earned before any deductions or taxes are taken out. Therefore, Sally's gross income is the sum of her compensation and interest income, which is $71,200 + $410 = $71,610.

Sally Received $71,200 of Compensation from Her Employer and She