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An individual has the following sources of income: Profits from an illegal business $10,000 Damages received as a result of a breach of contract

An individual has the following sources of income: Profits from an illegal business $10,000 Damages received as a result of a breach of contract 45,000 Payments received for entering into a non-competition 20,000 agreement Profits from personal betting activities 5,000 Which of the following amounts will be included in business income for tax purposes?

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