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Annual Federal Tax Refresher Course EXAM

YOU HAVE A MAXIMUM OF $3$ CONTINUOUS HOURS TO COMPLETE THE $100$ QUESTION TEST.

Question $31$ of $100$

Freddy received the following during the year:

$$2,500$ cash for mowing the neighborhood playground all year

Boat worth $$3,500$ in exchange for pressure washing the gas station parking lot

$$1,000$ worth of painting services from a local hardware store for being their thousandth customer

$$5,000$ gift from his sister

How much of these amounts does Freddy include in his gross income?

$$7,000$

$$7,500$

$$2,500$

$$12,000$

Open Book Exam