This year Ann has the following stock transactions. What amount is included in her gross income if Ann paid a $200 selling commission for each sale? $$\begin{array} { | r | r | r | r | r | }
\hline \text { Shares } & \text { Firm } & \begin{array} { r }
\text { Total } \
\text { Purchase Price }
\end{array} & \text { Sales price } & \begin{array} { r }
\text { Value } \
\text { at year end }
\end{array} \
\hline 100 & \text { IBM } & \$ 5,000 & & 7,000 \
\hline 200 & \text { ATT } & 7,500 & 9,500 & \
\hline 500 & \text { Dell } & 12,500 & 13,000 & \
\hline
\end{array}$$

Question

This year Ann has the following stock transactions. What amount is included in her gross income if Ann paid a $200 selling commission for each sale? $$\begin{array} { | r | r | r | r | r | } 
\hline \text { Shares } & \text { Firm } & \begin{array} { r } 
\text { Total } \
\text { Purchase Price }
\end{array} & \text { Sales price } & \begin{array} { r } 
\text { Value } \
\text { at year end }
\end{array} \
\hline 100 & \text { IBM } & \$ 5,000 & & 7,000 \
\hline 200 & \text { ATT } & 7,500 & 9,500 & \
\hline 500 & \text { Dell } & 12,500 & 13,000 & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of This year Ann has the following stock transactions. What amount is included in her gross income if Ann paid a $200 selling commission for each sale? $$\begin{array} { | r | r | r | r | r | } 
\hline \text { Shares } & \text { Firm } & \begin{array} { r } 
\text { Total } \
\text { Purchase Price }
\end{array} & \text { Sales price } & \begin{array} { r } 
\text { Value } \
\text { at year end }
\end{array} \
\hline 100 & \text { IBM } & \$ 5,000 & & 7,000 \
\hline 200 & \text { ATT } & 7,500 & 9,500 & \
\hline 500 & \text { Dell } & 12,500 & 13,000 & \
\hline
\end{array}$$

This Year Ann Has the Following Stock Transactions