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Gaye Torrs bought an old drum for $25 at an auction. Later, she realized there was something loose inside. She shook the drum, and a

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Gaye Torrs bought an old drum for $25 at an auction. Later, she realized there was something loose inside. She shook the drum, and a jewel worth $2,000 rolled out. Gaye showed the drum to her neighbor who collects musical Instruments The neighbor discovered that the drum was the one used on television by Bobby Joe, a famous country singer. It was worth $2,000. Bobby Joe died later that year, and the value of the drum increased to $3, 500. Which of the following items must Gaye include in her gross income for the year? A. The value of the drum when she bought it. B. The appreciation on the drum. C. The value of the jewel. D. The value of the jewel, the value of the drum when she bought it, and the appreciation of the drum up to its current fair market value. Allison, a single 22-year-old student who is claimed as a dependent by her parents, earns $1.050 from a part-time job during 2016. What is the maximum amount of unearned income she may receive before she is required to file a return? A. $350 B. $1, 050 C. $10, 350 D. $1

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