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Fred's Income This Past Year Included Salary of $70 000,$3

Question 56

Multiple Choice

Fred's income this past year included salary of $70 000,$3 000 in interest income,a $4 000 capital gain from selling some stock and a $5000 inheritance.For tax purposes,what is his total income this year?


A) $80 000
B) $82 000
C) $75 000
D) $77 000

Correct Answer:

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