Question

Star, a single individual, received the following items of income/benefits during the current year.    $2,000...

Star, a single individual, received the following items of income/benefits during the current year.

   $2,000 in food stamps from the state.  

$10,000 for sex discrimination in settlement of a personal injury lawsuit.     

$60,000 in life insurance proceeds on the death of her father.                                                                         

$12,000 in qualified cash dividends from her ownership of Apple stock

$500 state income tax refund from the prior year state income tax return.  Star took the standard deduction on her tax prior year return.   

Calculate Star's total gross income (after exclusions) from these items.  SHOW WORK FOR PARTIAL CREDIT.

Business   Accounting   
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