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This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal se the company

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This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal se the company awarded Ed a gold watch worth $238 and a $2,540 cash bonus. What amount must Ed include in his gross income? Multiple Choice $2,778 $2,540 $238

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