CPA Regulation (REG) Question of the Day
Daily challenge for CPA Regulation (REG). Test yourself and track progress.
The following year-1 annual report was received by Clark from the qualified defined contribution plan provided by Clark's employer:
- Beginning balance: $12,700
- Employer contribution: 600
- Plan earnings: 250
- Ending balance: $13,550
What income must be included in Clark's gross income for year 1?
Select an answer and click Check.