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QUESTION 15 During an employee awards ceremony, Pedals Company gave Mollie a new bicycle valued at $250 and a check for $150 for her outstanding

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QUESTION 15 During an employee awards ceremony, Pedals Company gave Mollie a new bicycle valued at $250 and a check for $150 for her outstanding safety record. This award was presented to Mollie for her services to the company and in accordance with Pedals's qualified employee achievement awards program. What amount must Mollie include in income? 50 $150 $250 5400

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