Fred's income this past year included salary of $70 000,$3 000 in interest income,a $4 000 capital gain from selling some stock and a $5000 inheritance.For tax purposes,what is his total income this year?
A) $80 000
B) $82 000
C) $75 000
D) $77 000
Correct Answer:
Verified
Q51: Which of the following income is taxed
Q52: Income earned from the sale of an
Q53: Which of the following can be used
Q54: Which of the following is not typically
Q55: Which of the following is not taxable
Q57: If a stock was purchased in January
Q58: Interest income would come from earnings on
A)stocks.
B)term
Q59: The Federal Government's use of net income
Q60: For qualified individuals,a contribution to a registered
Q61: Robert is 66 and so qualifies for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents