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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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