Gross Income Assignment

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    Gross Income Assignment

    Gross Income Assignment Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most recent loans, an amount of $48,000. After the loan was discharged, Deb had total assets of $319,000 and her remaining loans total $289,000. What amount must Deb include in her gross income? Multiple Choice $48,000. $18,000. Zero – Deb was not solvent when the loan was discharged. $43,000. $30,000. Get Finance homework help today.

    Gross Income Assignment

    Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most recent loans, an amount of $48,000. After the loan was discharged, Deb had total assets of $319,000 and her remaining loans total $289,000. What amount must Deb include in her gross income?
    Multiple Choice

    • $48,000.
    • $18,000.
    • Zero – Deb was not solvent when the loan was discharged.
    • $43,000.
    • $30,000.

    Get Finance homework help today.