Lindsay Corporation Made the Following Payments to the Family of Luke

question 7

Multiple Choice

Lindsay Corporation made the following payments to the family of Luke Marshall,an employee who died during the year. $5,000 for Luke's final paycheck that he failed to collect
$10,000 for accrued vacation days as required by the employment contract
$25,000 in admiration of Luke's outstanding service to the community
What is the total amount that Luke's family must include in income?

• A)$0
• B)$5,000
• C)$15,000
• D)$40,000

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