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Employee has worked for Employer's incorporated business for several years at a salary of $80,000 per year. Another company is attempting to hire Employee but
Employee has worked for Employer's incorporated business for several years at a salary of $80,000 per year. Another company is attempting to hire Employee but Employer persuades Employee to stay for at least two more years by giving Employee 2% of the company's stock, which is worth $100,000, and by buying Employee's spouse a new car worth $30,000. How much income does Employee realize from these transactions?
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