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What is Georges gross income if he has the following: Salary =$78,000; Dividends = $4,000; interest on city of San Francisco bonds =$2,000; A gain
What is George’s gross income if he has the following:
Salary =$78,000; Dividends = $4,000; interest on city of San Francisco bonds =$2,000;
A gain of $14,000 on a stock sale and a $4,000 loss on a small sole proprietorship that he owns.
a. $96,000
b. $92,000
c. $84,000
d. $78,000
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