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Garth is a single cash basis taxpayer (filing status - single since 1980) and has the following activities/transactions in 2021. In 2020, Garth had adjusted

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Garth is a single cash basis taxpayer (filing status - single since 1980) and has the following activities/transactions in 2021. In 2020, Garth had adjusted gross income of 570.000.mized deductions of $12.700, and paid $23,012 in federal income tax. Indicate the amount of each independen statement below that is included in Garth's recognized Income de gross income for tax year 2021 Sold primary family home for $700,000. The home was purchased in 1990 for $450 DOO Include Received state income tax refund of $625 for overpayment of 2020 state income tax include Received $8,000 in worker's compensation after he was injured on his tree-cutting job. Include Dental insurance provided by his employer, who paid $1.550 in dental insurance premiums for the year. Include . Garth provided 100 hours of carpentry services (valued at $25 per hour) to the local school in exchange for two football playoff tickets (valued at $6,000). Include Garth recently was sickened by eating spoiled peanut butter. He successfully sued the manufacturer for medical bills ($3.700), his emotional distress ($6,000 - he now fears peanut butter), and punitive damage . ($44,000). Include C. The home was purchased in 19150.000.indd Received state income tax refund of 5625 for overpayment of 2020 state income include Received $8.000 in worker's compensation after he was injured on his tree-cumino Include Dental insurance provided by his employer, who paid $1.550 In dental insurance premiums for the year. Include Garth provided 100 hours of carpentry services (valued at $25 per hour to the local school in exchange for two football playoff tickets (valued at $6,000). Include Garth recently was sickened by eating spoiled peanut butter. He successfully sued the manufacturer for his medical bills ($3,700), his emotional distress ($6,000 - he now fears peanut butter), and punitive damages ($44,000). Include . Garth and Camilla got divorced in 2011. Under the terms of the decree, Camilla pays Garth $70.000 in cash each year, decreased to $22,000 when their son turns 19 years old. In addition, Camilla will transfer castle worth $2,000,000 to Garth. Include . Garth purchased an annuity that provides $13,000 annual payments for the next 40 years. The annuity was purchased at a cost of $300,000. The annuity made its first payment this year. Include Garth is a single cash basis taxpayer (filing status - single since 1980) and has the following activities/transactions in 2021. In 2020, Garth had adjusted gross income of 570.000.mized deductions of $12.700, and paid $23,012 in federal income tax. Indicate the amount of each independen statement below that is included in Garth's recognized Income de gross income for tax year 2021 Sold primary family home for $700,000. The home was purchased in 1990 for $450 DOO Include Received state income tax refund of $625 for overpayment of 2020 state income tax include Received $8,000 in worker's compensation after he was injured on his tree-cutting job. Include Dental insurance provided by his employer, who paid $1.550 in dental insurance premiums for the year. Include . Garth provided 100 hours of carpentry services (valued at $25 per hour) to the local school in exchange for two football playoff tickets (valued at $6,000). Include Garth recently was sickened by eating spoiled peanut butter. He successfully sued the manufacturer for medical bills ($3.700), his emotional distress ($6,000 - he now fears peanut butter), and punitive damage . ($44,000). Include C. The home was purchased in 19150.000.indd Received state income tax refund of 5625 for overpayment of 2020 state income include Received $8.000 in worker's compensation after he was injured on his tree-cumino Include Dental insurance provided by his employer, who paid $1.550 In dental insurance premiums for the year. Include Garth provided 100 hours of carpentry services (valued at $25 per hour to the local school in exchange for two football playoff tickets (valued at $6,000). Include Garth recently was sickened by eating spoiled peanut butter. He successfully sued the manufacturer for his medical bills ($3,700), his emotional distress ($6,000 - he now fears peanut butter), and punitive damages ($44,000). Include . Garth and Camilla got divorced in 2011. Under the terms of the decree, Camilla pays Garth $70.000 in cash each year, decreased to $22,000 when their son turns 19 years old. In addition, Camilla will transfer castle worth $2,000,000 to Garth. Include . Garth purchased an annuity that provides $13,000 annual payments for the next 40 years. The annuity was purchased at a cost of $300,000. The annuity made its first payment this year. Include

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