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13. Avery had the following transaction during the tax year. Required: Determine the amount of Avery's 2020 gross income. (10 points) In February Avery received
13. Avery had the following transaction during the tax year. Required: Determine the amount of Avery's 2020 gross income. (10 points) In February Avery received stock with a market value of $115,000 from her Grandmother as part of an inheritance. Avery subsequently sold the stock in November for $125,000. Avery's salary was $75,000 . Avery's employer provided $18,200 in fringe benefits for Avery, which included her health care premiums costing $12,000, dependent day care costing $2,000, and group-term life insurance premiums costing $200 for $25,000 of coverage for Avery. Avery's employer offered these benefits to all its employees. . Avery's divorce was finalized in 2016. Her ex-husband is ordered to pay her alimony in the amount of $30,000, and child support in the amount of $18,000
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