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30 Pete competed in the annual El Paso Spelling Bee this year and won a $25,000 prize for best spelling champion. Pete was thinking that he might transfer the prize to a won. How much of the prize should Pete include in his gross income? a $25,000 b. $25,000 because prizes are taxable c. Zero because prizes transferred to charities are excludible d. Zero because all prizes are excludible e. Zero because prizes from charities are excludible 31. Juan provided services to several clients this year who paid with different types of property Which of the following payments is not included in Juan's gross income? -b. Plumbing services performed in exchange for Juan's services c. A used car d. Gold coins e. All of these are included in gross income 32. Jett is employed as a site boss for a construction crew. This year he earned a salary of $45,000 and incurred the following expenses associated with his employment: Professional Dues to Contractors State Society Class on Building Sheds Contractor's Monthly (magazine) Mileage expense travelling to and from work sites Tickets to Braves Baseball (He and his dad enjoy baseball games) $400 $200 $50 $500 $300 What amount of miscellaneous itemized deductions can Tom include with his other allowable itemized deductions (after any AGI limitations)? a. $900 b. $300 C. $550 d. $250 e. None of these

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