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Georgia won the Massachusetts lottery, which means that she will receive $28,000 a year for the next thirty years. Georgia purchased the lucky ticket in
Georgia won the Massachusetts lottery, which means that she will receive $28,000 a year for the next thirty years. Georgia purchased the lucky ticket in March and was selected the winner in June. Georgia regularly spent $100 a month on lottery tickets, one-third for Massachusetts tickets and two-thirds for Vermont tickets. a) What is Georgia's gross income from this prize? b) Is there any corresponding deduction?
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