Amount on tax return net rental income split rent

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23. uncle on bonds his uncle owns. He also had the use of a van (value of $1,000) for the yearhis parents who where traveling. Further, he received fredd, $600 of gasoline for the van because he tutored the son of the station owner free of charge. What of the additional inmust be included in his income tax return?
24. Helen Troy, a student seeking a Master's degree in accounting, was awarded a 50% scholato graduate school (valued at $3,000) and a $6,000 per year teaching assistantship (notrequired of Master's level students). She also, because of her great beauty, won the first pin the Miss International Beauty Pageant. The prize included $14,000 in cash, a $25,000 ca $10,000 scholarship, and travel expenses of $2,000 relating to the pageant. What must include as gross income?
25. Billy Dent, as the owner of an apartment building, received and makes the following paymduring 2015:Received in January 2015 rent that was$5,000due in December 2014Received in December 2015 rent not4,000due until January 2016Security deposit which is to be refunded 500when tenant vacates the apartmentHow much rental income must Billy Dent include on his 2015 income tax return?
26. Abby, a cash basis taxpayer, is paid an annual salary of $250,000 plus a percentage of net profits. The additional compensation for 2015 was $50,000. This sum is payable to her onFebruary 9, 2016 after the annual audit has been completed. However, a tentative credit o$10,000 was entered to her drawing account on December 1, 2015 and was immediately available to her. Abby comes to your office and asks you how much compensation must bincluded in her gross income for 2015. What do you tell her? Why?

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