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a. Trey, age 16, is a qualified child on his parents' tax return. During 2021 he had interest income of $1,550 from a savings account

a. Trey, age 16, is a qualified child on his parents' tax return. During 2021 he had interest income of $1,550 from a savings account and $600 wages from a part-time job. Trey's taxable income is:

$500

$950

$1,050

$2,150

b.

During the current year, Mike received the following payments:

Worker's compensation $1,200 Reimbursement from his employer's accident and

health plan for medical expenses paid by Mike $ 900

Age discrimination award from his employer $4,000

What is the amount to be included in Mike's gross income for the current year?

$0

$900

$4,000

$6,100

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