Boudreaux and Maude are trying to calculate their gross income for the current year. Which of the following items should they include in gross income?
1- Child support payments in the amount of $15,000 received by Maude from her ex-husband for the support of Maude's minor child Emile.
2- $1,200 in dividends received by Boudreaux and Maude from Mudbugs, Inc., a corporation in which they own 200 shares of stock.
3- Unemployment benefits in the amount of $800 received by Boudreaux from the state of Louisiana.
4- $3,000 that Maude earned selling her homemade andouille sausage.
a. 4 only.
b. 1 and 2.
c. 2, 3, and 4.
d. 1, 2, 3 and 4.
Answers: 1
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Boudreaux and Maude are trying to calculate their gross income for the current year. Which of the fo...
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