Problem 4-29 (LO. 1) Determine Amos's gross income in each of the following cases: If an amount is zero, enter "0." Gross Income a. In the current year, Amos purchased an automobile for $25,000. As part of the transaction, Amos received a $1,500 rebate from the manufacturer b. Amos sold his business. In addition to the selling price of the stock, he received $50,000 for a covenant not to compete-an agreement that he will not compete with his former business for five years. 11 C. Amos owned some land he held as an investment. As a result of a change in the zoning rules, the property increased in value by $20,000. termine the effects of the following on a cash basis taxpayer's gross income for 2021 and 2022. If an amount is zero, enter "o". Gross Income 2021 Gross Income 2022 a. On the morning of December 31, 2021, the taxpayer received a $1,500 check from a customer. The taxpayer did not cash the check until January 3, 2022. b. On the morning of December 31, 2021, the taxpayer received a $1,500 check from a customer. The customer asked the taxpayer not to cash the check until January 3, 2022, after the customer's salary check could be deposited. ID on December 31, 2021, the taxpayer received a $1,500 check from a customer. The check was not received until after the bank had closed on December 31, 2021. The taxpayer did not cash the check until January 3, 2022