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What is walt corp gross income

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Reference no: EM133034138

Walt Corp. received the following in 2020:$46,000 payment for the provision of services

$5,000 gain on the sale of a state bond sold in 2020

$1,000 interest on savings account

$2,000 interest on municipal bond

$1,000 interest on corporate bond

$3,000 dividends

$100,000 life insurance proceeds - Walt Corp. was named as the beneficiary on key person life insurance policy taken out on a corporate executive, and the corporate executive passed away in 2020.

What is Walt Corp.'s gross income for 2020?

Reference no: EM133034138

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