QUESTION IMAGE
Question
question 12 (4 points)
the wage amount listed on your w - 2 is $114,707.74. you also have interest income from a 1099 - int of $1,154.52, and you won $3,738.00 in a raffle. calculate the gross income.
enter the dollar amount rounded to the nearest cent.
your answer:
answer
Step1: Define income components
Wage income = $114707.74$, Interest income = $1154.52$, Raffle - win income = $3738.00$
Step2: Calculate gross income
Gross income=Wage income + Interest income+Raffle - win income
$=114707.74 + 1154.52+3738.00$
$=119590.26$
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
$119590.26$