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Taxpayer's items of economic income follow. Determine gross income. ECONOMIC INCOME: Cash compensation from employer 83,000 Health insurance premiums paid by employer 6,300 Gambling
Taxpayer's items of economic income follow. Determine gross income. ECONOMIC INCOME: Cash compensation from employer 83,000 Health insurance premiums paid by employer 6,300 Gambling winnings 3,200 Increase in value of stock portfolio, no sales 7,000 Interest on bank deposits 350 Interest on municipal bond 1,250 Inheritance 30,000 Value of free coffee provided by employer at work 110 $93,550 $116,550 $124,210 $86,550 $131,210
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