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What Is George's Gross Income If He Has the Following

Question 17

Multiple Choice

What is George's gross income if he has the following: $78,000 salary, $4,000 dividend income, $2,000 interest income on city of San Francisco bonds, a gain of $14,000 on a stock sale, and a $4,000 operating loss on a small sole proprietorship that he owns?


A) $78,000
B) $84,000
C) $92,000
D) $96,000

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