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For each situation listed indicate the amount to be included in income year. The federal interest rate of 5.5% is in effect. In the current

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For each situation listed indicate the amount to be included in income year. The federal interest rate of 5.5% is in effect. In the current year. Amos purchased an automobile for $25,000. As part of the transaction. Amos received a $1,500 rebate from the manufacturer

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