Tighe Won a New Automobile from His Employer for Being

Multiple Choice

Tighe won a new automobile from his employer for being the top salesperson in the entire firm.The auto cost the employer only $34,000 because he purchased a fleet of cars from the dealer; it had a retail price of $37,000.In addition, Tighe's employer gave him $5,000 with which to pay the taxes on the prize.How much must Tighe include in his gross income?

A) $42,000
B) $37,000
C) $35,000
D) $32,000