A  taxpayer can avoid a substantial understatement of tax penalty:

• if the position is frivolous and disclosed on the tax return.
• if the position has a realistic possibility of being sustained by the IRS or courts.
• if there is substantial authority to support the position.
• if the position has a reasonable basis and is not disclosed on the tax return.
• None of the choices are correct.

Lebron received $76,300 of compensation from his employer and he received $545 of interest from a municipal bond. What is the amount of Lebron's gross income from these items?