Lebron received $50,000 of compensation from his employer and he received $400 of interest from a municipal bond. What is the amount of Lebron's gross income from these items? a. $0 b. $50,400 c. $50,000 d. $400
Lebron received $50,000 of compensation from his employer and he received $400 of interest from a municipal bond. What is the amount of Lebron's gross income from these items? a. $0 b. $50,400 c. $50,000 d. $400
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 30MCQ
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Transcribed Image Text:Lebron received $50,000 of compensation from his employer and he
received $400 of interest from a municipal bond. What is the amount of
Lebron's gross income from these items?
a. $0
b. $50,400
c. $50,000
d. $400
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