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Question 34 Which of the following independent events are taxable and must be included in gross income Jay embezzled $20,000 from his employer and has
Question 34 Which of the following independent events are taxable and must be included in gross income Jay embezzled $20,000 from his employer and has not yet been apprehended Tina owns 1,000 shares of stock worth $5,000. This year she received 100 additional shares of this stock from a stock dividend. In March of this year, Louis received a state tax refund of $750. Last year Louis had itemized deductions of $5,800 and he chose to claim the standard deduction. Louis's itemized deductions included state income taxes paid of $1,750 and no other state or local taxes. A & C only. A, B &C
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