Beth received the following amounts during the year.
Salary |
$30,000 |
Interest on savings account |
900 |
Gift from her aunt |
10,000 |
Prize won in state lottery |
1,000 |
Alimony from ex husband |
12,000 |
Child support from ex husband |
6,000 |
Damages for injury in auto accident |
25,000 |
Ten $50 bills in an unmarked envelope found in an airport |
|
lounge (airport authorities could not locate anyone |
|
who claimed ownership) |
500 |
Federal income tax refund for last year’s tax overpayment |
120 |
Increase in the value of stock held for investment |
5,000 |