contestada

As a Christmas thank you for being a good employee, Ed's TV Repair gave 62-year-old Edwina three shares of its stock worth $20 per share. Edwina then received dividends of $1 per share related to the stock. How much should be included in Edwina's gross income? a. $0 b. $60 c. $3 d. $63 e. None of these

Respuesta :

pedrocarratore

Answer:

d. $63

Explanation:

This "thank you" classifies as a performance bonus and, therefore, Edwina should include the whole market value plus dividends received from the three shares of Ed's TV Repair stock that she earned. The total amount for the shares' value plus dividends earned is:

[tex]A = 3*(\$20+\$1)\\A=\$63[/tex]

Edwina should include $63 in her gross income.

Otras preguntas