
PFIN 3rd Edition by Lawrence Gitman,Michael Joehnk,Randall Billingsley
Edition 3ISBN: 978-1285082578
PFIN 3rd Edition by Lawrence Gitman,Michael Joehnk,Randall Billingsley
Edition 3ISBN: 978-1285082578 Exercise 2
Debra Ferguson received the items and amounts of income shown in the chart to the right during 2011. Help her calculate (a) her gross income and (b) that portion (dollar amount) of her income that is tax exempt.


Explanation
a)
The following table S1 shows the cal...
PFIN 3rd Edition by Lawrence Gitman,Michael Joehnk,Randall Billingsley
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