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Strike441 [17]
3 years ago
11

Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond. What is the amoun

t of Sally's gross income from these items?
A) $400
B) $50,000
C) $50,400
Business
1 answer:
VLD [36.1K]3 years ago
5 0

Answer:

C) $50,400

Explanation:

If Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond, then the amount of Sally's gross income from these items is $50,400

Sally's income taxable is not only her employment compensation but also the interest she earns from a corporate bond is subject to income tax.

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