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Q2.1a - 5 points In 2018, Billie was in an automobile accident and suffered physical injuries. In 2019, Billie collected the following from her insurance
Q2.1a - 5 points In 2018, Billie was in an automobile accident and suffered physical injuries. In 2019, Billie collected the following from her insurance company. She received $25,000 for loss of income, $10,000 for pain and suffering, $50,000 for punitive damages, and $6,000 for medical expenses which she had deducted on her 2018 tax return (the amount in excess of the of adjusted gross income threshold). She was also reimbursed $3500 for auto repairs. Required: How much did Bille's gross income increase as a result of the above transactions
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