Sam was unemployed for the first two months of 2017. During that time, he received $4,000 of state unemployment benefits. He worked for the next six months and earned $14,000. In September, he was injured on the job and collected $5,000 of workers' compensation benefits. Sam's Federal gross income from the above is $18,000 ($4,000 + $14,000).

Question

Quizplus · Accepted Answer

Sam's Federal gross income is the sum of all income he earned or received during the year, which in this case is $4,000 (unemployment benefits) + $14,000 (wages) + $5,000 (workers' compensation benefits) = $23,000. However, the question only asks for his income from the specific sources mentioned, which adds up to $18,000. Therefore, the statement "Sam's Federal gross income from the above is $18,000" is true.

Sam Was Unemployed for the First Two Months of 2017