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1 . Nicholas owned stock that decreased in value by $ 2 0 , 0 0 0 during the year, but he did not sell

1. Nicholas owned stock that decreased in value by $20,000 during the year, but he did not sell the stock. He earned $34,000 salary, but received only $25,000 because $11,000 in taxes were withheld.

 As a result of the above, Nicholas should report as gross income?
 
  

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