0n June 30, 2017 Jerry Anders, age 68, received $20,000 under a life insurance contract and a
$4,000 payment from his wife's employer both paid to him as beneficiary upon the death of his wife.
On November 10, 2017, Mr. Anders sold the personal residence in which he had lived for the past ten years.
The adjusted sales price was $219,000 and the realized gain was $6,500. During 2017 he also
received a bequest of municipal bonds Valued at $100,000 upon which he received interest payments
of $2,000. Mr. Anders' gross income for 2017 is:
e.None of the above
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