Claude and Daphne are trying to calculate their gross income for the current year. Which...
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Accounting
Claude and Daphne are trying to calculate their gross income for the current year. Which of the following items should they include in their gross income? -1- Child support payments in the amount of $15,000 received by Daphne from her ex-husband for the support of Daphne's minor child Emile. -2- $1,200 of dividends received by Claude and Daphne from Mudbugs, Inc., a corporation in which they own 200 shares of stock. -3-$3,000 that Daphne earned selling her homemade sausage.
3 only.
1 and 2.
2 and 3.
1, 2 and 3.
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