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Aaron gifted $10,000 to his 14-year-old daughter in January 20X1. His daughter invested this amount and earned $1,000 interest. She again invested this interest and

Aaron gifted $10,000 to his 14-year-old daughter in January 20X1. His daughter invested this amount and earned $1,000 interest. She again invested this interest and earned another $100. Assume that all these transactions happened in 20X1. What is Aaron's total property income in 20X1 from these transactions?

Question 6 options:

1)

$1,100

2)

$11,100

3)

$0

4)

$1,000

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