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

Heather's gross income consists of both her interest earned and her gains on investments. Adding these together, we get:
$1,000 + $400 = $1,400
Therefore, the correct answer is (C) $1,400.

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