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Bernie Is a Former Executive Who Is Retired

Question 94

Multiple Choice

Bernie is a former executive who is retired. This year Bernie received $250,000 in pension payments and $10,000 of social security payments. What amount must Bernie include in his gross income?


A) $250,000
B) $255,000
C) $258,500
D) $260,000
E) Zero

Correct Answer:

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