From the Information Given Below,determine Marcie's Gross Income for Tax

question 39

Essay

From the information given below,determine Marcie's gross income for tax purposes.
$$\begin{array} { | l | l | } \hline \text { Salary } & \$ 40,000 \\\hline \text { Interest (checking account) } & \$ 50 \\\hline \text { Cash received as birthday gift } & \$ 900 \\\hline \text { Dividends (mutual funds) } & \$ 500 \\\hline \text { Inheritance received on father's death } & \$ 22,000 \\\hline \text { Cash received from insurance for accident claim settlement } & \$ 3,200 \\\hline \text { Cash dividend from stock } & \$ 750 \\\hline\end{array}$$

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Definitions:

Herbert Spencer

A 19th-century English philosopher, biologist, anthropologist, sociologist, and prominent classical liberal political theorist known for his theory of social evolution.

Survival of the Fittest

A concept from evolutionary theory suggesting that only those organisms best adapted to their environment will survive and reproduce.

Karl Marx

A 19th-century philosopher, economist, and political theorist best known for his works on communism and critique of capitalism, co-authoring the "Communist Manifesto".

Émile Durkheim

A French sociologist best known for his foundational contributions to the field of sociology, including his theories on social cohesion, collective consciousness, and the social basis of religion.