When Tony died on September 7th, he had received wages totalling $42,650 for work completed to...

  

Transcribed Image Text:

When Tony died on September 7th, he had received wages totalling $42,650 for work completed to August 31st. After his death, his estate was paid $10,020 which included severance of $8,000, $1,500 of vacation pay, $700 of employment income for the week before death, and a deduction of $180 for withholding taxes. Of these amounts, how much is included as taxable income in Tony's final return? When Tony died on September 7th, he had received wages totalling $42,650 for work completed to August 31st. After his death, his estate was paid $10,020 which included severance of $8,000, $1,500 of vacation pay, $700 of employment income for the week before death, and a deduction of $180 for withholding taxes. Of these amounts, how much is included as taxable income in Tony's final return?

Answer rating: 100% (QA)

To determine the taxable income included in Tonys final return we need to calculate the income compo... View the full answer