How Much Gross Income Does Ron Have from the Following

Multiple Choice

How much gross income does Ron have from the following items of economic income? • Received cash gift of $5,000 from parents.
• Received $12,000 in alimony payments and $6,000 in child support from former spouse.
• Won $4,000 in Indiana lottery scratch off game.
• Investment in IBM stock increased in value by $15,000.
• Collected $12,000 in unemployment benefits.

A) $16,000
B) $28,000
C) $33,000
D) $34,000
E) $54,000