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Alicia loses her job part way through 2020. Her employer pays her wages of $15,450 up through her date of

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Alicia loses her job part way through 2020. Her employer pays her wages of $15,450 up through her date of termination. After that, she received $1,600 of unemployment compensation from the state until she gets a new job for which she is paid wages of $1,400 through year end. Based on this information, Alicia’s gross income for 2020 is:
a. $15,450
b. $16,850
c. $17,050
d. $18,450
e. $21,850

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Income Tax Fundamentals 2021

Income Tax Fundamentals 2021

ISBN: 9780357141366

39th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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Question Details
Chapter # 2- Gross Income: Exclusions
Section: Multiple Choice
Problem: 33
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Question Posted: September 24, 2023 05:14:31
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