Joanna received $55,800 compensation from her employer, the value of her stock in ABC company appreciated by $12,400 during the year (but she did not sell any of the stock), and she received $34,600 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Joanna received $55,800 compensation from her employer, the value of her stock in ABC company appreciated by $12,400 during the year (but ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A company must decide between scrapping or reworking units that do not pass inspection. The company has 16,000 defective units that cost $5.50 per unit to manufacture. The units can be sold as is for $2.60 each, or they can be reworked for $4.
Answers (1)
2. A company made the following merchandise purchases and sales during the current month July. 1 purchased 380 units at $15 each July 5 purchased 270 units at $20 each July 9 sold 500 units at $55 each July 14 purchased300 units at $24 each July 20
Answers (1)
The Safe-T Airbag Company manufactures airbags that are used in automobiles. Fly Motor Company manufactures automobiles in which it must place airbags before the automobiles can be sold.
Answers (1)
The primary difference between variable costing and absorption costing is (A) in absorption costing, fixed selling and administrative costs are product costs. (B) in variable costing, variable selling and administrative costs are product costs.
Answers (1)
Borrowing cash from the bank causes assets to increase and liabilities to increase. A) True B) False
Answers (1)
New Questions in Business
Which of the following are true? Select one or more: (a) The t-distribution is dependent on the sample size. (b) The t-distribution does not depend on the sample size.
Answers (1)
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 13.6 Process time 2.7 Inspection time 0.3 Move time 3.3 Queue time 7.0 The delivery cycle time was:
Answers (1)
During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash collections on these accounts total $110,000. Pave estimates that 25% of the uncollected accounts will be uncollectible.
Answers (1)
How often is interest earned from bonds usually paid to the bond holder? 1) Every month 2) Once per year 3) Twice per year 4) Every two years
Answers (1)
Rexeleg Company manufactures a product with the following costs per unit at the expected production of 40,000 units: Direct materials $5 Direct labor 10 Variable overhead 7 Fixed overhead 9 The company has the capacity to produce 50,000 units.
Answers (1)