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?

$\begin{array}{cccccc}
&&\text { Total Purchase }\
\text { Shares } & \text { Firm } & \text { Price } & \text { Sales price } & \text { Value at year end }\
100 & \text { IBM } & \$ 5,000 &&\$7000 \
200 & \text { ATT } & 7,500 & 9,500 \
500 & \text { Dell } & 12,500& 13,000
\end{array}$

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?
 
 $\begin{array}{cccccc}
&&\text { Total Purchase }\
\text { Shares } & \text { Firm } & \text { Price } & \text { Sales price } & \text { Value at year end }\
100 & \text { IBM } & \$  5,000 &&\$7000 \
200 & \text { ATT } & 7,500 & 9,500 \
500 & \text { Dell } &  12,500& 13,000
\end{array}$

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?
 
 $\begin{array}{cccccc}
&&\text { Total Purchase }\
\text { Shares } & \text { Firm } & \text { Price } & \text { Sales price } & \text { Value at year end }\
100 & \text { IBM } & \$  5,000 &&\$7000 \
200 & \text { ATT } & 7,500 & 9,500 \
500 & \text { Dell } &  12,500& 13,000
\end{array}$

This Year Ann Has the Following Stock Transactions