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

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

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

This Year Ann Has the Following Stock Transactions