George is a U.S. citizen who received $50,000 in wages, $10,000 in taxable interest, and a vehicle

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George is a U.S. citizen who received $50,000 in wages, $10,000 in taxable interest, and a vehicle valued at $12,000 for his services. He also sold his secondary home in Spain for a $20,000 gain. What was his gross income for the year?

a. $50,000

b. $72,000

c. $60,000

d. $92,000

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 07, 2024 09:56 AM

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George is a U.S. citizen who received $50,000 in wages, $10,000 in taxable interest, and a vehicle

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