Pierce, a married individual, received the following in 2017: Workers compensation award .................................... $25,000 W2 income ....................................................................

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Pierce, a married individual, received the following in 2017:
Workers’ compensation award ....................................    $25,000
W–2 income ....................................................................      20,000
Unemployment compensation ....................................        4,800
Damages awarded for emotional distress experienced as a result of workplace bodily injury 10,000 Considering only the above, what is Pierce’s 2017 gross income?
a. $49,800
b. $34,800
c. $30,000
d. $24,800

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South Western Federal Taxation Individual Income Taxes 2018

ISBN: 9781337385893

41st Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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