question archive Lance H

Lance H

Subject:AccountingPrice: Bought3

Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe,

NM 87501. Lance works for the convention bureau of the local Chamber of Com- merce, while Wanda is employed part-time as a paralegal for a law firm.

During 2014, the Deans recorded the following receipts.

 

 

Salaries ($60,000 for Lance, $41,000 for Wanda)

 

$101,000

Interest income

 

 

City of Albuquerque general purpose bonds

$1,000

 

Ford Motor Company bonds

1,100

 

Ally Bank certificate of  deposit

400

2,500

Child support payments from John Allen

 

7,200

Annual gifts from  parents

 

26,000

Settlement  from  Roadrunner  Touring Company

 

90,000

Lottery winnings

 

600

Federal income tax refund (for tax year  2013)

 

400

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