Heather's interest and gains on investments for the current year are as follows:

Heather's adjusted gross income from the above is: or;

Heather must report gross income in the amount of:

Question

Heather's interest and gains on investments for the current year are as follows:
​

Heather's adjusted gross income from the above is: or;
​
Heather must report gross income in the amount of:
​

Quizplus · Accepted Answer

To calculate Heather's adjusted gross income, we need to add up all of her sources of income, including her interest and gains on investments.

Starting with her salary, we have:
$50,000

Next, we add her interest income of $800:
$50,000 + $800 = $50,800

Finally, we add her long-term gain of $600 and her short-term gain of $400:
$50,800 + $600 + $400 = $51,800

Therefore, Heather's adjusted gross income is $51,800.

The closest answer to this amount is C) $1,400, which is the total of her dividend income. However, this is not the correct answer. The correct answer is actually E) None of these, since none of the choices match Heather's adjusted gross income.

Heather's Interest and Gains on Investments for the Current Year