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Joe Smith started working for XYZ Computer 10 years ago. This year Joe was awarded a $2,000 solid gold watch in recognition of his years

Joe Smith started working for XYZ Computer 10 years ago. This year Joe was awarded a $2,000 solid gold watch in recognition of his years of dedicated service. He had never received an award of any kind before. The award was not a qualified plan award. His was the only award given this year. The award was presented at the company's annual dinner. How much income must Joe include?

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