Question: Debra Ferguson received the following items and amounts of income

Debra Ferguson received the following items and amounts of income during 2011. Help her calculate
(a) Her gross income
(b) That portion (dollar amount) of her income that is tax exempt.

Salary .............................................................................. $33,500
Dividends ...................................................................... 800
Gift from mother ........................................................... 500
Child support from ex-husband ..................................... 3,600
Interest on savings account ............................................ 250
Rent ............................................................................... 900
Loan from bank ............................................................. 2,000
Interest on state government bonds ................................... 300


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  • CreatedFebruary 13, 2015
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