e. Al or the above are taxable 11. Huihana receives a watch for achieving 20 years of employment with her employer. The watch cost the employer $225 and has a market value of $250 on the date awarded. Huihana is in the highest tax bracket for single taxpayers. How much gross income will Huihana recognize on the receipt of the watch? a. $250 b. $200 c. $25 d. $0 e. $50 or $59.50 including the net investment income tax