In 2017, Kimberly received income from many different sources. Select from the option list provided whether her adjusted gross income should fully include, completely exclude, or partially exclude the income amounts below. Each choice may be used once, more than once, or not at all. Income Answer
1. $35,000 of wages reported on her W-2.
2. Interest of $600 from a personal loan made to a friend.
3. Dividends exceeding premiums by $1,100, received from a life
insurance policy.
4. $3,500 of unemployment compensation paid by the federal
government.
5. Qualified dependent care assistance worth $5,800.
6. Kimberly found a $4,000 diamond ring (that did not belong to her) in
the used couch she purchased 2 years ago, i. e., the ring was already in
the couch when purchased.
7. $1,950 of interest on bonds issued by the state of Maine.
8. Qualified reimbursement of $400 of moving expenses by Kimberly's
employer.
9. $5,000 award for civic achievement which Kimberly put directly in the
bank.
Choices: Include in AGI, Partially Exclude from AGI ,Completely Exclude from AGI

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?