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Andy retires after 20 long years working for Gibbs Tech. At his retirement party, the company awards him with a gift certificate to his favorite

Andy retires after 20 long years working for Gibbs Tech. At his retirement party, the company awards him with a gift certificate to his favorite restaurant as a retirement gift in the amount of $400. How much can Andy exclude for income tax purposes?

$0.

$200.

$300.

$400.

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