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Gold Leaf Corporation, which operates a large department store, sells a fridge and a dishwasher combo to Charles, a single employee who works at the
Gold Leaf Corporation, which operates a large department store, sells a fridge and a dishwasher combo to Charles, a single employee who works at the store for $450. The regular customer price is $750, and the gross profit rate is 20%. The corporation also sells Charles, a service contract for $80; the regular customer price for the contract is $100. How much should Charles include in his gross income in 2022?
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