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38 LUS Mike , an attorney , earns $ 20 0 , you from his law practice and receives $45 000 in dividends and interest

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38 LUS Mike , an attorney , earns $ 20 0 , you from his law practice and receives $45 000 in dividends and interest during the year In addition , he incurs a loss of $50 000 from an investment in a passive activity acquired three years ago . What i Mike's net income for the current year after con sidering the passive investment

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