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Sam was offered a job as an engineer on an oil rig in the Gulf of Mexico. His annual salary was $70,000 and he was

Sam was offered a job as an engineer on an oil rig in the Gulf of Mexico. His annual salary was $70,000 and he was provided room and board on the rig (for the employer's convenience) worth $30,000 per year. His W2 will show $100,000 in wages for his yearly earnings.

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