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What Is the Taxpayer's Ordinary Income Based on the Following

Question 20

Essay

What is the taxpayer's ordinary income based on the following:
Salary received of $75,000; rent received of $15,000; net capital gain of $5,000; return to work payments of $3,000 and compensation (for loss of wages) received of $9,000.

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The ordinary income would include the sa...

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