Heather's interest and gains on investments for 2012 were as follows: Heather's gross income from the above is:

Question

Heather's interest and gains on investments for 2012 were as follows:  Heather's gross income from the above is:

Quizplus · Accepted Answer

To calculate Heather's gross income, we need to add her interest and gains from all her investments for 2012.

$400 + $500 + $300 = $1,200 (total interest earned)
$100 + $200 + $200 = $500 (total gains earned)

Now we add the interest and gains together:

$1,200 + $500 = $1,700

However, we also need to subtract any investment expenses. None are given, so we assume there were none.

Therefore, Heather's gross income for 2012 was $1,700. The closest answer choice is C, $1,400, so that is the best choice.

Heather's Interest and Gains on Investments for 2012 Were as Follows