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Jimmy, single, worked for Green Light Trading Co. in the Human Resources Department. He also traded stocks using his personal brokerage account as a source
Jimmy, single, worked for Green Light Trading Co. in the Human Resources Department. He also traded stocks using his personal brokerage account as a source of personal investment income. On February 10 of this year, he receives the following tax documents relating to his income from last year: Form W-2, indicating that he received gross wages and salaries of $95069 Form 1099, indicating that he had trading income of $3805 from stocks he has held for more than a year. The amount is the net amount of proceeds from sales of stock minus the cost of the investment. Assuming that these were Jimmy's only two sources of taxable income, what is Jimmy's total taxable income last year? Answer:Question 26
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