How much gross income does Faith have from the following items of economic income? • Received cash gift of $6,000 from parents.
• Received $12,000 in alimony payments from former spouse.
• Received $18,000 in child support payments from former spouse.
• Won $6,000 in a slot machine in Las Vegas.
• Faith's vacation home on Lake Tahoe increased in value by $15,000.
• Collected $14,000 in unemployment benefits.
A) $18,000
B) $30,000
C) $32,000
D) $38,000
E) $50,000
Correct Answer:
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