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Each taxpayer is a cash basis taxpayer. Taxpayer owns a fashion boutique. On Friday, December 2 9 th she had a large sale. At the

Each taxpayer is a cash basis taxpayer.

Taxpayer owns a fashion boutique. On Friday, December

29

th she had a large sale. At the close of business she added up her receipts, summarized below. From her Friday receipts how much must she include in her income for the year?

\

table

[[

Cash

,

5, 000

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