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This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In...

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Accounting

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This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, the company awarded Ed a gold watch worth $274 and a $2,480 cash bonus. What amount must Ed include in his gross income? Multiple Choice $ if Ed offers to contribute his watch and bonus to a qualified charity O $2.754 $2.480 5274

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