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From the Information Given Below,determine Rosie's Gross Income for Tax

Question 165

Essay

From the information given below,determine Rosie's gross income for tax purposes:
 Salary $40,000 Interest (checking account) 50 Cash received as birthday gift 900 Dividends (mutual funds) 500 Inheritance received on father’s death 22,000 Cash received from insurance for accident claim settlement 3,200 Cash dividend from stock 750\begin{array} { l r } \text { Salary } & \$ 40,000 \\\text { Interest (checking account) } & 50 \\\text { Cash received as birthday gift } & 900 \\\text { Dividends (mutual funds) } & 500 \\\text { Inheritance received on father's death } & 22,000 \\\text { Cash received from insurance for accident claim settlement } & 3,200 \\\text { Cash dividend from stock } & 750\end{array}

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$40,000 + ...

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