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29. L0.1 Determine Amos's gross income in each of the following cases: a. In the current year, Amos purchased an automobile for $25,000. As part

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29. L0.1 Determine Amos's gross income in each of the following cases: a. In the current year, Amos purchased an automobile for $25,000. As part of the transaction, Amos received a $1,500 rebate from the manufacturer: b. Amos sold his business. In addition to the selling price of the stock, he received $50,000 for a covenant not to compete - an agreement that he will not compete with his former business for five years. c. Amos owned some land he held as an investment. As a result of a change in the zoning rules, the property increased in value by $20,000

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