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Emile had the following transactions in 2020: Salary $60,000 Interest income City of Philadelphia bonds $250 Interest from Microsoft bonds $1,200 Inheritance from aunt $50,000

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Emile had the following transactions in 2020: Salary $60,000 Interest income City of Philadelphia bonds $250 Interest from Microsoft bonds $1,200 Inheritance from aunt $50,000 Contribution to Traditional IRA $6,000 Capital Losses $4,000 $51,200 $52,200 O $101,200 $51,450

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