1. Based on the following, how much should Ben Brenner include in income in his federal income tax return?

   Jury awarded punitive damages	$10,000
   Kickbacks on sale of goods (not treated as a reduction elsewhere)	5,000
   Money borrowed from a bank	8,000
   Increase in the value of an asset	1,000

   	a.	$15,000
   	b.	$16,000
   	c.	$24,000
   	d.	$10,000
   	e.	$23.000