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Bernie is a former executive who is retired. This year Bernie received $240,000 in corporate bond interest and $18,900 of social security payments. What amount

Bernie is a former executive who is retired. This year Bernie received $240,000 in corporate bond interest and $18,900 of social security payments. What amount must Bernie include in his gross income?

Multiple Choice

  • $0

  • $249,450

  • $240,000

  • $256,065

  • $258,900

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