Determining Gross Income (4 points): Patrick and Kelsey are…
Determining Gross Income (4 points): Patrick and Kelsey are married filing jointly in 2024. Patrick works at a car dealership, and Kelsey is a nurse at a hospital. During the year, they received $175,000 in total (together) for salaries from their employers. In addition, the hospital Kelsey worked for paid $4,750 for the employer’s portion of their medical and dental health insurance premiums. Finally, Kelsey’s grandmother passed away and left her $14,750. Determine the total recognizable gross income for Patrick and Kelsey in 2024.