McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

تمرين 23

For the following independent cases, determine whether economic income is present and, if so, whether it must be included in gross income.Identify a tax authority that supports your analysis.
a.Hermione discovered a gold nugget (valued at $10,000) on her land.b.Jay embezzled $20,000 from his employer and has not yet been apprehended.c.Keisha found $1,000 inside an old dresser.She purchased the dresser at a discount furniture store at the end of last year and found the money after the beginning of the new year.No one has claimed the money.