Business, 07.03.2020 01:47 elisameza

Susan's salary is $44,000 and she received dividends of $600. She received a statement from SJ partnership indicating that her share of the partnership's income was $4,000. The partnership distributed $1,000 to her during the year and $600 afteryear-end. She won $2,000 in the state lottery and spent $50 on lottery tickets.

Requirement
Which amounts are taxable? (Complete all answer boxes.)
a. Salary, $44,000 (Yes/No)
b. Dividends received, $600 (Yes/No)
c. Share of partnership income, $4,000 (Yes/No)
d. Partnership distribution in the current year, $1,000 (Yes/No)
e. Partnership distribution in the following year, $600 (Yes/No)
f. State lottery winnings of $2,000 (Yes/No)

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Susan's salary is $44,000 and she received dividends of $600. She received a statement from SJ partn...