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Tom is a former executive who is retired. This year he received $260,000 in pension payments and $10,000 of social security payments. What total amount

  1. Tom is a former executive who is retired. This year he received $260,000 in pension payments and $10,000 of social security payments. What total amount must Tom include in his gross income?

    A.

    $270,000

    B.

    $258,500

    C.

    $260,000

    D.

    $268,500

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