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Bernie is a former executive who is retired. This year Bernie received $192,500 in pension payments and $19,600 of social security payments. What amount must

Bernie is a former executive who is retired. This year Bernie received $192,500 in pension payments and $19,600 of social security payments. What amount must Bernie include in his gross income?

Multiple Choice

  1. $192,500.
  2. $202,300.
  3. $209,160.
  4. $212,100.
  5. Zero.

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