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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
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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 must Tom include in his gross income?
A. $270,000
B. $258,500
C. $260,000
D. $268,500
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