11. Taxpayer is an employee of Ajax Aviation, a commercial passenger airline. During the current year, Taxpayer received taxable wages of $90,000 from Ajax. On several occasions during the year, Taxpayer benefitted on a standby basis receiving free airflight via Ajax Airlines to and from vacation sites located in the western part of the United States. The market value of the free airflights was $7,000. An old girlfriend from Taxpayer's college years at VCU died in May of the current year and left Taxpayer an inheritance of $10,000, which sum he received two months after the friend's death. In February of the prior year, Taxpayer was in an automobile accident that was not his fault. Taxpayer filed suit and as a result, in December of the current year Taxpayer received a $5,000 damage payment on account of a personal injury suffered in the accident and a punitive damages payment of $3,000. Assuming that Taxpayer has no deductions for adjusted gross income, what is his Form 1040 adjusted gross income for the current year? A. $100,000 B. 93,000 C. 98,000 D. 105,000 E. None of the above answers