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John received $100,000 cash from his company for his good work performance and he alsoreceived stock shares worth $200,000 from his father upon his death in 2016. On December 31,2016, he received cash dividend in the amount of $5,000 from his inherited stock. John came toyou to know what his INCOME tax consequences are. How would you advise him? (Note: You don't need to calculate tax liability. Simply address what are gross income and exclusions)

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