Q2&3

In January 2022, Matilda won a car in a raffle at her daughter's school. The FMV of the car was $35,000. Matilda drove the car for 9 months. In October 2022, when the car was worth $32,000, Matilda gave the car to her friend, Maurice. What amount of gross income does Matilda recognize in 2022? What amount of gross income does Maurice recognize in 2022? In 2022, Maria and Marcus (married filing jointly), had an AGI of $35,000 (prior to including any Social Security benefits), no tax-exempt income, and Social Security benefits of $12,000. What amount of the Social Security benefits are included in gross income in 2022 ? What if in 2022, Maria and Marcus, had an AGI of $13,000 (prior to including any Social Security benefits), no tax-exempt income, and Social Security benefits of $12,000. What amount of the Social Security benefits are included in gross income in 2022