SAMSUNG money, Rianna will report: A) no income B) $30,000.00 of taxable Income. C) $5,000.00...
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SAMSUNG money, Rianna will report: A) no income B) $30,000.00 of taxable Income. C) $5,000.00 of tax loss D) $95,000.00 of taxable income 28. Sarah received a $15,000.00 scholarship from City University. The school specified that $8,000.00 of the money is for tuition, books, supplies, and equipment for classes. The other $7,000.00 is for room and board. Sarah works ten hours a week an exam grader, for which she is paid $7,500.00 for the year. Of the total amount received, how much must Sarah include in gre income? A) $7,000.00 B) $7,500.00 C) $14,500.00 D) $22,500.0 29. Problem: From January 1,2020 until his death, Mark received a salary of $35,000.00. Charlotte received a salary of $68,000.00 during 2020. Mark had earned commission of $20,000.00 which Charlotte received after his death. Charlott was the beneficiary of a $100,000.00 whole life policy purcha by Mark, and a $50,000.00 group term life insurance policy purchased by his employer. The employer paid premiums of $250.00 on Mark's behalf. In addition, the corporation paid Charlotte a $10,000.00 death benefit in Mark's name. All employees families received similar benefits regardless of financial need. Mark and Charlotte had itemized deduction 29,600.00. What is the amount of their taxable income on 2020 income tax return? Tule curr
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