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  3. jacob has the following items of income in 2021:

Jacob has the following items of income in 2021: He has a salary of...

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Accounting

Jacob has the following items of income in 2021:

  • He has a salary of $100,000
  • He sells land for $12,000. The original purchase price is $4,000
  • He receives interest from a City of London Bond of $7,000

What is Jacobs Gross Income?

Group of answer choices

$100,000.

$107,000.

$112,000.

$115,000.

Answer & Explanation Solved by verified expert
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