Shaun and Troy are age 35 and 32, respectively. They are married and file a...
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Shaun and Troy are age 35 and 32, respectively. They are married and file a joint tax return, with no dependents. They have the following info for 2020: Shaun's salary (started new job 7/1/20) Troy's business income Municipal Bond Interest Gift from Shaun's grandfather $130.000 $100,000 $10,000 $50,000 Shaun's company pays the premiums on a $55,000 group term life insurance policy on his behalf. The company also provides Shaun a phone for work, valued at $50 per month What is Shaun and Troy's gross income for 2020? 5230.029.70 $280.002.70 $230,602.70 d. $230.002.70
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