CH 02 Gross Income and Exclusions - Test Bank Town

Craig, a single taxpayer, received the following items in 2020: dividends of $450, wages of $32,000, child support from his ex-spouse of $400 per month, a new television worth $1,200 from a door prize at a conference he attended, a gift of $3,000 from Craig’s parents, and $200 of interest on bonds issued by the State of Arizona. ................
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