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

Question

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

This Year Ann Has the Following Stock Transactions