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Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. Ellie pays $56,750 in premiums for the policy during

Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. Ellie pays $56,750 in premiums for the policy during her life. When she dies, Jason collects the insurance proceeds of $851,250.

As a result, Jason reports gross income of?

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