contestada

Eduardo, who is 64 years of age and single, received wages of $15,000, interest income of $3,000, dividends of $2,000, municipal bond interest of $7,000 and state unemployment compensation of $3,000. what is eduardo's federal gross income?

Respuesta :

Kalahira
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

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