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Problem 7: Exclusions from income Annie Wilkes is a married taxpayer who reports the following transactions during 2022: - At her part time job she
Problem 7: Exclusions from income Annie Wilkes is a married taxpayer who reports the following transactions during 2022: - At her part time job she would occasionally use the office copy machine for personal reasons. The total value of the personal copies are $75. - Inherited a house with a fair market value of $500,000 upon the death of his mother. - She received $20,250 from the University of the Delaware. Of this, $15,000 represented a scholarship to cover tuition, $3,000 a stipend to assist with living expenses, and 5,250 for book purchases. - As part of her husband's job, his employer allows spouses of exceutives to receive a discount on the products produced by the company. The total value of the discounts utilized by Annie during 2022 was $2,500. Required: How much of the above transactions will be excluded from Annie's income for 2022
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