Question: or Sign Up Chegg.com Help Save& ExitSu Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots

 or Sign Up Chegg.com Help Save& ExitSu Rhett made his annual

or Sign Up Chegg.com Help Save& ExitSu Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots and $1.200 at poker. Also this year, Rhett made several trips to the racetrack, but he lost $700 on his various wagers. What amount must Rhett include in his gross income? Multiple Choice 08 Zero - gambling winnings are not included in gross income $1,450 $250 $750 $1,200

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