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How much gross income does the taxpayer recognize from the following items of broadly defined income? Received cash gift of $900 from parents. Won $15,000
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How much gross income does the taxpayer recognize from the following items of broadly defined income?
- Received cash gift of $900 from parents.
- Won $15,000 in a slot machine in Atlantic City.
- Taxpayer's vacation home on Blue Mountain Lake increased in value by $105,000.
a. $15,000
b. $15,900
c. $105,000
d. $120,000
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Exploring Public Relations Global Strategic Communication
Authors: Ralph Tench, Liz Yeomans
4th Edition
1292112182, 9781292112183
