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Kabuo and Melinda got married on December 15, year 1. Kabuo's salary for the year was $74,400, and Melinda's was $87,300. In addition, Kabuo received $250 of interest income, ($150 of which was from municipal bonds), and Melinda received $11,900 of alimony from a former spouse. If Kabuo and Melinda choose to file jointly, what is their year 1 gross income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92721451

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