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Augustus1 Augustus1
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7 years ago
During the year, Cathy received the following:
∙   Dividends of $4,000 from Lindsay corporation. Cathy's father owned the stock and directed the corporation to send the dividends to Cathy.
∙   A car worth $30,000 for being the 100th customer at a car dealership.
∙   $5,500 cash gift from her uncle.
∙   $10,000 inheritance from her grandmother.

What amount must Cathy include in gross income?
A) $30,000
B) $34,000
C) $39,500
D) $49,500
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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MsLippyMsLippy
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7 years ago
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Augustus1 Author
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#2
7 years ago
You're a saint, honestly

Thank you
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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