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Calculate Gross income Calculate Gross Income For Della Douglass based on...

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Accounting

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Calculate Gross Income For Della Douglass based on the following facts: (Provide an explanation for why you did or did not include an item in gross income) Salary $200,000 Sole proprietorship income $50,000 Interest from State of Georgia bonds $40,000 Capital gain $20,000 Darla inherited $400,000 from her great aunt Dora. Darla won $4,000 at Church Bingo Darla's brother Darren paid back $60,000 on July 1, 2017, he had borrowed the money from Darla in 2011. Darla received a $$0,000 legal settlement from a broken leg that she incurred in a car accident. Dividends $20,000 Unemployment compensation $10,000 Child Support $30,000 Alimony $60,000 Darla found a diamond bracelet on the beach. The bracelet has a fair market value of $30,000 Darla received a gift of $70,000 from her mother. Partnership income $30,000 Rental Income $15,000 Darla was the beneficiary of a life insurance policy of her grandfather. She received $100,000 upon his death 2017. Interest from US Treasury Bonds $20,000

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