1. Ted was shopping for a new automobile. He found one that met his needs and agreed to purchase it for $23,000. He had shopped around and concluded that he could not get a better price from another dealer. After he had paid for the automobile, the dealer called to notify Ted that he was entitled to a manufacturers rebate of $1,500. The next week he received a $1,500 check from the manufacturer. How much should Ted include in gross income?