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melisa1 [442]
3 years ago
14

Joanna received $68,400 compensation from her employer, the value of her stock in ABC company appreciated by $8,600 during the y

ear (but she did not sell any of the stock), and she received $44,400 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items?
Business
1 answer:
AysviL [449]3 years ago
3 0

Answer:

The answer is: $68,400

Explanation:

The total amount of Joanna´s gross income should only include the $68,400 she received from her employer.

It doesn´t matter if the price of any stock she owns has gone up of down, since she didn´t sell any of it.

The money she received from her late husband´s life insurance policy is not taxable.

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