For each of the following independent cases, indicate the amount of gross income that must be included
Question:
a. Malchia won a $4,000 humanitarian award.
$___________________
b. Rob won a new automobile (with a sticker price of $15,700 and a market value of $14,500) for being the best junior tennis player in 2016.
$___________________
c. George received a $3,500 tuition and fees scholarship to attend Western University.
$___________________
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Related Book For
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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