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Jim, a retail merchant, reported the following on his 2015 return: Sales $200,000; COGS: $80,000;...

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Accounting

Jim, a retail merchant, reported the following on his 2015 return: Sales $200,000; COGS: $80,000; Gross Profit: $120,000. what amount must be omitted from income for the six year statute of limitations of apply?

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