$4099 is the amount, Jennifer must include in her gross income for federal income tax purposes.
<h3>What is the difference between income and gross income?</h3>
The amount of money earned in a fiscal year before taxes are referred to as annual gross income. The sum of cash you earn in a fiscal year after certain deductions is your annual net income.
Given
Capital Gain = $4000
Interest earned = $99
Required to calculate Gross income for tax purposes =?
Gross income for tax purpose = $4000 + $99 = $4099
Employee's gross pay is what they earn before taxes, benefits, and other payroll deductions are deducted from their pay. Net pay, also known as take-home pay, is the amount left over after all withholdings are deducted. Their gross income for Jennifer includes capital gain and interest she earned on it.
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Answer:
A. PPO insurance plans offer a wider choice of primary care doctors and specialists.
Explanation:
Tabor company issues $20,000 of common stock to investors. recording this transaction will include a credit to common stock. A security that symbolizes ownership in a firm is called common stock. After creditors, bondholders, and preferred stockholders have been paid, whatever assets are left over after a liquidation go to common stockholders.
In the firm, various kinds of equities are traded. In other words, it's a method of allocating corporate ownership; as a result, each share of common stock corresponds to a certain proportion of a corporation. One share, for instance, would represent one percent ownership of a firm with 100 outstanding shares.
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Answer: The options are:
True/False.
The answer is True
Explanation: Grapevine is an unofficial, informal, and personal channel of communication that occurs within an organization.
This kind of system does not follow organizational charts, or job description.
An attribute of this system of communication is that it can happen between an employee and his/her superior without following any formal structure.
It will mostly take the shape of rumors among colleagues.
