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How Much Gross Income Does Ron Have from the Following $5,000\$ 5,000

Question 125

Multiple Choice

How much gross income does Ron have from the following items of economic income?
?
- Received cash gift of $5,000\$ 5,000 from parents.
- Received $12,000\$ 12,000 in alimony payments and $6,000\$ 6,000 in child support from former spouse (2018 agreement) .
- Won $4,000\$ 4,000 in Indiana lottery scratch off game.
- Investment in IBM stock increased in value by $15,000\$ 15,000 .
- Collected $12,000\$ 12,000 in unempl oyment benefits.


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

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