During the Year,Cathy Received the Following: • Dividends of $4,000

question 32

Multiple Choice

During the year,Cathy received the following: • Dividends of $4,000 from Lindsay Corporation.Cathy's father owns the stock and directed the corporation to send the dividends to Cathy.
• A car worth $30,000 for being the 1,000^th customer at a car dealership.
• $5,500 cash gift from her uncle.
• $10,000 inheritance from her grandmother.
What amount must Cathy include in gross income?

• A)$30,000
• B)$34,000
• C)$39,500
• D)$49,500

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Definitions:

Negatively Correlated

Describes a relationship between two variables in which one variable increases as the other decreases, and vice versa.

Wealth

An abundance of valuable financial assets or physical possessions which can include money, properties, and other material assets.

Marital Satisfaction

A measure of the happiness and fulfillment experienced within a marriage or long-term partnership.

Random Sampling

A technique used in research to select a sample of subjects in such a way that every individual has an equal chance of being chosen.