Question

Miguel provides more than half the support of his aunt Gina who does not live with him. Gina's income for the year includes dividends of 2,100, earnings from babysitting of1,000, nontaxable Social Security benefits of 10,000, and nontaxable interest from city bonds in the amount of4,000. What is Gina's gross income?

1) $2,100
2) $1,000
3) $14,000
4) $10,000
5) $3,100

Answer 1

Gina's gross income is $17,100.

Step-by-step explanation:

Gina's gross income can be calculated by adding up all of her income sources. Her income includes dividends of $2,100, earnings from babysitting of $1,000, nontaxable Social Security benefits of $10,000, and nontaxable interest from city bonds in the amount of $4,000. To find her gross income, we add all of these amounts together:

Gross Income = Dividends + Babysitting Earnings + Social Security Benefits + Municipal Bond Interest
Gross Income = $2,100 + $1,000 + $10,000 + $4,000
Gross Income = $17,100