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1. Tucker is an unmarried, 29-year-old taxpayer. He received the following income for the year: Wages: $44,500. Interest from a bank savings account: $50. Unemployment
1. Tucker is an unmarried, 29-year-old taxpayer. He received the following income for the year:
Wages: $44,500. Interest from a bank savings account: $50. Unemployment compensation: $7,000. Gift from his father: $3,000.
How much of Tucker's income is considered earned income?
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