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From the information given below, determine Mary's gross income for tax purposes. Salary $32,000 Interest (checking account) $25 Cash received as birthday gift $1,000 Dividends
From the information given below, determine Mary's gross income for tax purposes.
Salary $32,000 Interest (checking account) $25 Cash received as birthday gift $1,000 Dividends (mutual funds) $5,500 Alimony payments received from ex-spouse $24,000 Life insurance benefits received from aunt's death $50,000
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