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10 January, 13:09

During Year 9, Ash had the following cash receipts. Wages $13,000 Interest income from U. S. Treasury bonds $350 Workers' compensation following a job-related injury $8,500 What is the total amount that must be included in gross income on Ash's Year 9 income tax return?

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  1. 10 January, 14:34
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    The total amount that must be included in gross income on Ash's Year 9 income tax return is $13,350

    Explanation:

    Wages=$13,000

    Interest income from U. S. Treasury bonds=350

    Workers' compensation following a job-related injury=8,500

    According to the exercise, is necessary to add all the incomes of the activity. The worker's compensation is not an income, so we obtain:

    Wages + interest = 13.000 + 350 = 13.350
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