Sarah, a widow, is retired and receives $20,000 interest income and dividends and $10,000 in Social Security benefits.
Sarah is considering selling a stock at an $8,000 gain. What will be the increase in Sarah's gross income as a result of the sale of the stock?

Question

Quizplus · Accepted Answer

The Answer of Sarah, a widow, is retired and receives $20,000 interest income and dividends and $10,000 in Social Security benefits.
Sarah is considering selling a stock at an $8,000 gain. What will be the increase in Sarah's gross income as a result of the sale of the stock?

Sarah, a Widow, Is Retired and Receives $20,000 Interest Income