<span>Gross income is:
~ All income in the form of money, property, and services that
is not exempt from tax.
~ Gross receipts from rental property (taxes, repairs, etc., are not
deducted).
~ A partner's share of the gross, not a share of the net, partnership
income.
~ Unemployment compensation and certain scholarships and fellowships.
Tax exempt income, such as certain social security payments, is not
included in gross income. Type of Income Amount Gross Income
------------- ----- ------------
Wages $15000
Interest $3000
Tax-exempt interest $3,000
Dividends $2000
Unemployment compensation $4,000
thus Total $21000</span>
Answer:
the correct answer is b. rebate.
good luck
Answer:
$500
Explanation:
The KEES program is the one of the program which offers or provide the students, a scholarship who will earn at least 2.5 GPA each year in high school at the certified Kentucky High School.
This program offers the benefit for the college, which the person could earn in a high school.
The program provide or offer the students, a scholarship worth of $500, whose average or GPA will be 4.0 in high school.
Answer:
David's basis on the $5,000 bond purchased is:
C. $5,000.
Explanation:
a) Data and Analysis:
Cost of Investment in bond = $5,000
Premium paid = $500
b) David's basis on the bond is the quoted price of the bond, which is a security investment. It is on this basis price that future interest will be calculated. The additional $500 as premium he paid is just an additional cost which he incurred in exchange for his interest in the bond. It does not form part of the basis.