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This year Ed celebrated his 25th year as an employee ofDesigner Jeans Company. In recognition of his long and loyal service, the company awarded Ed

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This year Ed celebrated his 25th year as an employee ofDesigner Jeans Company. In recognition of his long and loyal service, the company awarded Ed a gold watch worth $250 and a 52,000 cash bonus. What amount must Ed include in his gross income? Arial TT TT Paragraph. %DOQ 3(12pt) TT, E T TT

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