The following pertain to Joyce in 2016:
Medical insurance premiums paid by employer...................................................$4,800
Teacher of the Year Award, in the form of gift cards redeemable at local businesses...........500
Jewelry box, received from employer for 25 years of service (FMV)..............................100
2016 holiday bonus awarded in December 2016, to be paid inJanuary 2017.....................250
What total amount from the above may be excluded from Joyce's 2016 gross income?
a. $5,650
b. $350
c. $5,150
d. $850