Multiple Choice
In February, Jasmine received a $30,000 gift from her cousin and in March she inherited $90,000 in corporate bonds from her aunt.Jasmine was the beneficiary on her aunt's life insurance policy and received the lump-sum proceeds of $100,000 in April.How much does Jasmine include in gross income?
A) $0
B) $16,000
C) $90,000
D) $220,000
Correct Answer:
Verified
Correct Answer:
Verified
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