Daisy mae yockum is very proud of the garden she has

Reference no: EM13589837

Daisy Mae Yockum is very proud of the garden she has created behind her home in Landfill, WV. She and her family consume $600 worth of vegetables. She also sells vegetables to her neighbors for $800, and she gives $150 worth of vegetables to Jethro, the boyfriend of her daughter Sadie. Jethro had just finished painting Sadie's chicken coop. Daisy Mae had offered to pay Jethro $150 to paint the coop, but he had refused the cash because of his great love for Sadie, and because of Sadie's devotion to the chickens, which was greater than her devotion to Jethro. Discuss any taxable income resulting to Daisy Mae, Jethro, or Sadie because of these transactions. Explain

Reference no: EM13589837

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