In 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 recieved $15,000 for loss of income, $10,000 for pain and suffering, $50,000 for punitive damages, and $6,000 for medical expenses that she had deducted on her 2023 tax return (the amount in excess of 7.5% of adjusted gross income). As a result of this, Theresa's 2024 gross income is increased by $56,000.

A. True

B. False