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b. Nikki receives a 27 percent discount on jewelry restoration services offered by Shine Company. This year, Nikki had Shine Company repair a set of

b. Nikki receives a 27 percent discount on jewelry restoration services offered by Shine Company. This year, Nikki had Shine Company repair a set of antique earrings (normal repair cost $720; discounted price $525.60). How much is the taxable income?

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