Karl works at Moe's grocery. This year Karl was paid $35,000 in salary, but he was allowed to purchase his groceries at 20 percent below Moe's cost. This year Karl spent $2,720 to purchase groceries, costing Moe $3,400. The groceries were worth $5,100. What amount must Karl include in his gross income?
A) $37,720
B) $38,400
C) $40,100
D) $35,680
E) $37,500
Correct Answer:
Verified
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