Question
Star, a single individual, received the following items of income/benefits during the current year: $2,000 in food stamps from the state. $10,000 for sexual orientation
Star, a single individual, received the following items of income/benefits during the current year:
$2,000 in food stamps from the state.
$10,000 for sexual orientation discrimination in settlement of a personal injury lawsuit.
$60,000 in life insurance proceeds on the death of her father.
$12,000 in qualified cash dividends from her ownership of Apple stock
$500 state income tax refund from the prior year state income tax return. Star deducted state income taxes as an itemized deduction on her prior year return.
Calculate Star's total gross income (after exclusions) from these items. SHOW WORK FOR PARTIAL CREDIT.
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