How much gross income does Ron have from the following items of economic income?
• Received cash gift of $5,000 from parents.
• Received $12,000 in alimony payments and $6,000 in child support from former spouse.
• Won $4,000 in Indiana lottery scratch off game.
• Investment in IBM stock increased in value by $15,000.
• Collected $12,000 in unemployment benefits
a. $16,000
b. $28,000
c. $33,000
d. $34,000
e. $54,000
b
Business
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