For each situation below, determine the amount that Jerry and Michelle should include in gross income. Unless specifically stated otherwise, each item was received or paid during $2024.$

For each item, enter the appropriate amounts in the associated cells. If the amount is zero, enter a zero $(0).$ Round all amounts to the nearest whole dollar.

Income ItemsAnswer$1.$ Xavier, Inc., an S corporation, paid $$3,000$ in director's fees to Michelle. As a shareholder of Xavier, her pro rata share of Xavier's ordinary income for the $2024$ calendar and tax year of Xavier was $$15,000.$

$2.$ Larson Corp. paid salary of $$37,000$ to Jerry. He received $$200$ per month of child support from his former spouse.

$3.$ Larson Corp. paid $$235$ in premiums on a $$49,000$ nondiscriminatory group permanent life insurance policy for Jerry. Michelle is named as beneficiary under the policy.

$4.$ Michelle received $$700$ in jury service fees.

$5.$ Michelle opened a savings account at Friendly Credit Union with a $$5,000$ deposit. As an incentive for opening the account, she received a new mp$3$ player $($worth $$125).$ She received a $$100$ dividend on the account on December $20,2024.$

$6.$ Jerry received $$800$ in interest on U$.$S$.$ Treasury bonds.

$7.$ Michelle received $$500$ in interest on a loan to an unrelated third party. The loan was arranged by a mutual acquaintance. Under state law, the $$75$ excess over $$425$ is usurious and unenforceable.

$8.$ Jerry and Michelle received a $$375$ refund on state income taxes, plus $$15$ in interest on the amount. Jerry and Michelle's federal income tax liability for $2023$ was reduced as a result of deducting the $$375$ paid to the state.

$9.$ Jerry received a gift of $$400$ in cash and $$100$ in gift certificates from his employer.