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Grady is a member of a large family and recoived the following payments this year. For each payment, determine whether the payment constitutes realized income
Grady is a member of a large family and recoived the following payments this year. For each payment, determine whether the payment constitutes realized income and determine the amount of each payment Grady must include in his gross income. Note: Leave no answer blank. Enter zero if applicable. c-1. A gift of $68.000 of Ford Motor Bonds. c-2. Grady recelved the bonds on October 31 , and he recelved $2.040 of temlannual interest from the bonds on December 31
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