The Daily Terror newspaper offers her $10,000 for her life story, if she will write it, and she writes a story and assigns all her right, title and interest in the copyright for $10,000 to the Daily Terror. She also sells the manuscript to the Mitchell Library for $5,000 and several photographs for $2,000.
Answer:
These three payments are income from personal exertion, because the book was written personally and the rights, manuscript and photos were sold in accordance with the law. If she wrote the story for her own satisfaction and only decided to sell it later, the situation will be the same.
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