The following information is available for Ann Drury for 2007:
|
Salary |
$36,000 |
|
Premiums paid by employer on group-term life insurance in excess of $50,000 |
500 |
|
Proceeds from state lottery |
5,000 |
How much should Drury report as gross income on her 2007 tax return?
- $36,000
- $36,500
- $41,000
- $41,500