Craig, a Single Taxpayer, Received the Following Items in 2018

question 16

Essay

Craig, a single taxpayer, received the following items in 2018: dividends of $450, wages of $32,000, child support from his ex-spouse of $400 per month, a new television worth $1,200 from a door prize at a conference he attended, a gift of $3,000 from Craig's parents, and $200 of interest on bonds issued by the State of Arizona.Craig put $4,000 of his wages into his employer's dependent care flexible spending account (the $4,000 has not been deducted from the $32,000 of wages listed previously).He also receives a reimbursement of $270 per month to pay for public transportation passes each month (the monthly reimbursement of $270 has not been deducted from the $32,000 of wages).Based on the above, what is Craig's gross income in 2018?

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Definitions:

Promotive

Pertaining to actions or policies that actively encourage or facilitate the improvement or advancement of something.

Cooperation

involves individuals or groups working together towards a common goal, often characterized by mutual benefits and shared responsibilities.

Negative Reciprocity

A social interaction where an action that has a negative effect is reciprocated with an action that is equally negative.

Frustration

The feeling of distress or annoyance resulting from the inability to achieve one's goals or satisfy one's needs.