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free tax accounting homework help
on January 1, 2012, Faye have Todd, her son a 36 month cerificate of deposit she purchased dec 31, 2010, for $8638, faye gave todd a 1000 shares of ABC, inc. on December 2,2012 the certificate had a maturity value of $10,0000 and the yield maturity wa 5%. On November 30, 2012, ABC inc. had declared a divided of $1.00 payable to stockholders of record on December 5th. How much interest and dividends should Todd include in his gross income for 2012.
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