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Question 2: Amelia, a cash method taxpayer, knows that you are currently taking the Tax class and asks for your help. Below are Amelia
Question 2: Amelia, a cash method taxpayer, knows that you are currently taking the Tax class and asks for your help. Below are Amelia items of income in 2022 that she emailed you: Salary from being an employee at HEB: $60k Alimony payment received from ex-husband: $12k. Money received from selling artworks on Etsy: $5k Other than those items above, Amelia also told you about a few other things that happened in 2022. Although Amelia do not include these items in the email, as a tax student, you are aware that they might be taxable, but you are not sure yet: She won a Gucci handbag when being the 1,000 customer to enter the store on July 4th, 2022 when window shopping. The bag is sold in store for $2k By being a dedicated employee, Amelia received an employee of the year award of $300 HEB gift card from her company (HEB) HEB gave Amelia a $200 downtown parking prepaid card each month because part of her job requires commuting between the HEB headquarter to downtown San Antonio. In total, Amelia had received $2,400 in a prepaid parking card in 2022. What amount is included in Amy's gross income in 2022? Show calculations and explanations.
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