Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond. What is the amount of Sally's gross income from these items?

A) $400

B) $50,000

C) $50,400

Question

Diaz

Business

24 December, 01:00

Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond. What is the amount of Sally's gross income from these items?

A) $400

B) $50,000

C) $50,400

+2

Answers (1)

Know the Answer?

Kiley Boone · Answer 1

C) $50,400

Explanation:

If Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond, then the amount of Sally's gross income from these items is $50,400

Sally's income taxable is not only her employment compensation but also the interest she earns from a corporate bond is subject to income tax.

Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond. What is the amount of Sally's gross income from these items?A) $400B) $50,000C) $50,400

Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond. What is the amount of Sally's gross income from these items?

A) $400

B) $50,000

C) $50,400