This Year Ann Has the Following Stock Transactions

question 171

Essay

This year Ann has the following stock transactions. What amount is included in her gross income if Ann paid a $200 selling commission for each sale? $$\begin{array} { | r | r | r | r | r | } \hline \text { Shares } & \text { Firm } & \begin{array} { r } \text { Total } \\\text { Purchase Price }\end{array} & \text { Sales price } & \begin{array} { r } \text { Value } \\\text { at year end }\end{array} \\\hline 100 & \text { IBM } & \$ 5,000 & & 7,000 \\\hline 200 & \text { ATT } & 7,500 & 9,500 & \\\hline 500 & \text { Dell } & 12,500 & 13,000 & \\\hline\end{array}$$

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Definitions:

Loss of Wages

Compensation claimed by individuals for income not earned due to injury or wrongful termination.

Assault and Battery

Assault refers to the threat of immediate harm or offensive contact, while battery refers to the actual physical impact or offensive contact with another person.

Reasonable Apprehension

A justified fear or expectation based on objective circumstances or evidence.

Assault

A civil wrong that occurs when one person intentionally and voluntarily places another in fear or apprehension of an immediate, offensive physical harm. Assault does not require actual contact.