, respond to the following questions using 2615 tax regulations: a] How much gross income does Dale recognize from the payments? Show your calculations. h} How much gross income does John recognize om the above? Show your calculations. 2. {in January 15 of the current year, Joyce, age 24, receives stock worth $23,430!) as a gift from her parents. Her paranE jointly purchased the stock sis years ago for $12,{i. lming the year, Joyce receives $2,1D dividend income on the stock. In December, she sells the stock for $39,D. In a Word Document, respond to the following questions using 2016 tax regulations: a) Assuming this is Joyce's only income for the year, and her parents are in the 33 9t: marginal tax bracket, how much income test does the family save as a result of this gift? Show your calculations. is) Are there any transfer taxes as a result of this gift? Explain. Show your calculations