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34. Assess the following situation and determine whether you need to report the income to the IRS on your tax return. a. You bartered with

34. Assess the following situation and determine whether you need to report the income to the IRS on your tax return.\ a. You bartered with your neighbor, who is an attorney. You babysat their children in exchange for $1,000 in legal services. Do you need to report this income on your tax return?\ b. You receive $1,000 in tax-exempt interest. You do not report this income on your tax return?

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