question 12 (4 points)\nthe wage amount listed on your w - 2 is $114,707.74. you also have interest income…

question 12 (4 points)\nthe wage amount listed on your w - 2 is $114,707.74. you also have interest income from a 1099 - int of $1,154.52, and you won $3,738.00 in a raffle. calculate the gross income.\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer

question 12 (4 points)\nthe wage amount listed on your w - 2 is $114,707.74. you also have interest income from a 1099 - int of $1,154.52, and you won $3,738.00 in a raffle. calculate the gross income.\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer

Answer

Explanation:

Step1: Define income components

Wage income = $114707.74$, Interest income = $1154.52$, Raffle - win income = $3738.00$

Step2: Calculate gross income

Gross income=Wage income + Interest income+Raffle - win income $=114707.74 + 1154.52+3738.00$ $=119590.26$

Answer:

$119590.26$