1.

1. What is Marys total gross income if as a result of suing her employer for her injuries she sustained on the job she received: 1) $100 in punitive damages; 2) $200 for loss of income; and 3) $300 for medical expenses?

2. Which one of the following would be included in gross income for federal tax purposes?

a)Tom and Marty received pots and pans worth $200 as a wedding present

b)Madison received insurance proceeds of $500 to replace her stolen TV

c)Alice received $10,000 as the beneficiary of her mothers life insurance policy

d)Vicky won $100 playing poker in a Las Vegas casino