10. Teresa was married on November 1 of this year and on that day received numerous gifts from her extended family. Her grandfather presented Teresa with a check for $15,000; her uncle gave Teresa 1,000 shares of Ford stock worth $10 per share (the uncle purchased shares for $25 each); and her aunt presented teresa with $50,000 of corporate bonds. (Teresa received $1,500 of semiannual interest from the bonds on December 31 of this year.) Finally, Teresa's parents paid off $50,000 of her student loan debt, including $2,000 of accrued interest. What amount, if any, must Teresa include in gross income this year?

11. Scott is a self-employed plumber and his wife, Emily, is a full-time employee for a university. Emily has health insurance from a qualified plan provided by the university, but scott has chosen to purchase his own health insurance rather than participate in Emily's plan. Besides paying $5,400 for his health insurance premiums, Scott also pays for the following expenses associated with his plumbing business:

Plumbing tools and supplies	$1,300
Rent on scott's plumbing shop	6,250
Transportation between Scott's shop and various jobsites	500
Plumber's uniform	50
Plumbing truck rental	7,200
Self-employment tax (half is employer share)	400