ACCT 216 - EXAM #1 (CH. 1 3) 2014
1. Sally received $50,000 of compensation from her employer and she received $400 of interest from a
corporate bond. What is the amount of Sally's gross income from these items?
A $0 '
A . $50,000
out of 20 points (100%)
4 out of
Jeremy is a calendar-year taxpayer who sometimes leases his business equipment to local organizations.
He recorded the following receipts this year. Indicate the extent to which these paymen
Partnership and Corporate Taxation (ACCT 217)
Business Science Division
Instructor: Carol Young Adams
Term/Semester: Fall 2014
Ticket #: 13185
Office: BGS faculty offices
Day & Time: Thursdays, 7:00 p.m.