Cranky, age 70, is single and an employee of Unknown Corporation. Her only sources of income this year are $80,000 of W-2 wages, $5,100 in alimony payments, and a $1,000 cash gift from her brother. Based on the above, Crankys adjusted gross income for the current year is:

$80,000

$81,000

$83,000

$85,100 2. In October of 2017 Bruce, a cash basis CPA, contracted to perform an audit for $2,000 and to prepare the corporate tax return for $1,000. The contract called for payment January 31 of 2018. The client offered Bruce $1,500 on December 31, 2017. Bruce refused citing the contract payment date. What amount must Bruce include in his 2017 tax return?

$0

$1,000

$1,500

$3,000