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For each of the following scenarios, determine if the event is included or excluded from gross income. In addition, you must also explain the reason
For each of the following scenarios, determine if the event is included or excluded from gross income. In addition, you must also explain the reason for your decision.
- A father gives his son $10,000 so that he can purchase a car.
- A family member receives $3,000 from a friend after your house was destroyed by fire.
- A client gives her attorney an extra $500 because he did an excellent job preparing her will.
- An employer gave an employee an iPad because he has not been absent from work for three weeks.
- A spouse died three weeks ago, and her employer gave the spouses children $2,000.
- An uncle died and left his neighbor $40,000 in cash and a car worth $22,000.
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