Question

Chad has received the following income and benefits during the current year: $65,000 salary, $4,800 employer-provided health insurance, $1,500 municipal bond interest, $2,000 dividend income, $500 from a partnership, and a $10,000 judgment for lost wages due to an age discrimination lawsuit. What amounts should Chad include in his gross income? (Check all that apply.)a. $2,000 dividend incomeb. $500 partnership incomec. $4,800 health insuranced. $1,500 municipal bond intereste. $10,000 judgementf. $65,000 salary

Answer 1

Answer: The correct answers are "a. $2,000 dividend income", "b. $500 partnership income", "e. $10,000 judgement" and "f. $65,000 salary".

Explanation: Chad must include:

dividend income 2000

partnership income 500

judgement 10000

salary 65000

Total: 77500.