Problem $4-57($LO$.2,3,4)$

Herbert was employed for the first six months of $2024$ and earned $$90,000$ in salary. During the next slx months, he collected $$8,800$ of

unemployment compensation, borrowed $$12,000($using his personal residence as collateral$),$ and withdrew $$2,000$ from his savings

account $($including $$60$ of interest$).$ He received dividends of $$550.$ His luck was not all bad; in December, he won $$1,500$ in the lottery on a

$$5$ ticket.

Indicate how much $($if any$)$ of each item is included in Herbert's gross income.

If your answer is zero enter $"0".$

Fetsack

"Check my Work

Section $61($a$)$ of the Internal Revenue Code defines the term gross income as follows: Except as otherwise provided in this subtitle, gross income

means all income from whatever source derived. All income must be included in a taxpayer's gross income unless it is explicitly excluded

elsewhere in the Code.