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FEDERAL TAX Luci had the following transactions this year. She received $37,000 of wages, $100,000 from life insurance proceeds from the death of her great
FEDERAL TAX
Luci had the following transactions this year. She received $37,000 of wages, $100,000 from life insurance proceeds from the death of her great aunt. She received $20 000 in
workman's compensalion and $10,000 from winning lop prize in an art show. She also received $15,000 of reimbursements for medical expenses she paid from her health
insurance that was provided by her employer. She received $5,000 of alimony payments (she has been divorced since 2015) and won a free shopping spree al Albertson's valued
al $350. How much taxable income did Luci have this year?
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