This year Amy received a $200 refund of state income taxes that she deducted on her tax return last year. Amy filed last year's return as a single person and claimed $4,000 of state income taxes and $5,000 of charitable contributions. What amount of the refund, if any, should Amy include in her gross income this year? Bob and Betty got divorced this year. In the divorce decree Betty agreed to transfer 100 shares of common stock worth $50,000 and pay Bob $24,000 per year for five years (or until Bob's death or remarriage). What amount (if any) is included in Bob's gross income this year? This year Sam celebrated his 25^th year as an employee of Designer jeans Company. In recognition of his long and loyal service, the company awarded Sam a gold watch worth $250 and a $2,000 cash bonus. What amount must Sam include in his gross income? Jon made his annual gambling trip to Uwin Casino. On this trip Jon won $250 at the slots and $1, 200 at poker. Also this year, Jon made several trips to the race track, but he lost $700 on his various wagers. What amount must Jon include in his gross income? Bob received the following benefits from his employer this year: salary $54, 450, health insurance $2, 900, and group life insurance $1, 800. What amount must Frank include in his gross income