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Question 2 (Chapter 3) From the following information, determine Steve's gross income for tax purposes. Salary Interest (checking account) Cash received as birthday gift Dividends

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Question 2 (Chapter 3) From the following information, determine Steve's gross income for tax purposes. Salary Interest (checking account) Cash received as birthday gift Dividends (mutual funds) Child-support payments received from ex-wife S32,000 25 1,000 5,500 24,000 Life insurance benefits received after aunt's 50,000 death

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