As a Christmas thank you for being a good employee, Ed's TV Repair gave 62-year-old Edwina three shares of its stock worth $20 per share.Edwina then received dividends of $1 per share related to the stock.How much should be included in Edwina's gross income?

Question

Quizplus · Accepted Answer

The value of the three shares of stock given to Edwina is $60 (3 shares x $20 per share). The dividends she received are $3 (3 shares x $1 per share). This $3 should be included in Edwina's gross income. Therefore, the correct answer is option D, $63.

As a Christmas Thank You for Being a Good Employee