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tn 2023 , Theresa was in an automobile accident and suffered physical injuries. The accident was caused by Ramon's negligence. In 2024. Theresa collected from his insurance company. She received S IS,OOO for loss Of income, SI 0.000 for pain and suffering, S50,oOO for punitive damages. and S6,OOO for medical expenses that she had deducted On her 2023 tax return (the amount in excess or 7 of adjusted gross income). This increased her itemi7rd deductions 10 a total that was $6,000 more than the standard deduction. As a result of this, Theresa's 2024 gross income is increased by S56,OOO. C) True C) False