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Eva8 [605]
3 years ago
8

George, an unmarried cash basis taxpayer, received the following amounts during 2016:Interest on savings accounts$2,000Interest

on a State bond600Interest on City of Salem school bonds350Interest portion of proceeds of a 5% bank certificate of deposit purchased on July 1, 2015, and matured on June 30, 2016250Dividends on USG common stock300What amount should George report as gross income from dividends and interest for 2016?a. $2,550b. $3,500c. $3,150d. $2,300e. None of these choices are correct.
Business
1 answer:
madreJ [45]3 years ago
5 0

Answer:

c. $3,150

Explanation:

The computation of the gross income is shown below:

= Interest on savings accounts + Interest on a State bond + Interest portion of proceeds of a 5% bank certificate of deposit + Dividends on USG common stock

= $2,000 + $600 + $250 + $300

= $3,150

We do not consider the school bonds as it would not be included in the gross income. So, we ignored it

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Oduvanchick [21]

Answer:

Liability

Explanation:

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Liabilities:

These are the debts which company has to pay. If company has liabilities it means company has to pay to some other entity/supplier or someone for its debts. It includes loans,account payable and many other accounts in financial statement.

In our case company has borrowed $800,000 in January and will repay in May after taxes are collected. If city has to prepare the financial statement before May then this $800,000 will be the liability in the statement.

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4 years ago
Select the statements that describe working with text in presentation programs.
kykrilka [37]
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3 0
3 years ago
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Sedbober [7]

Answer:

Business Process Re-engineering

Explanation:

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aleksklad [387]

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In all value articulation, the most important factors to consider are as follows:

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Learn more about articulating value here: brainly.com/question/24309787

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3 years ago
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Savatey [412]

Answer:

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Explanation:

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