Bernie is a former executive who is retired. This year Bernie received $192,500 in pension payments and $19,600 of social security payments. What amount must Bernie include in his gross income? Multiple Choice 1. $192,500. 2. $202,300. 3. $209,160. 4. $212,100. 5. Zero.
Bernie is a former executive who is retired. This year Bernie received $192,500 in pension payments and $19,600 of social security payments. What amount must Bernie include in his gross income? Multiple Choice 1. $192,500. 2. $202,300. 3. $209,160. 4. $212,100. 5. Zero.
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 30MCQ
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Question
![Bernie is a former executive who is retired. This year Bernie received $192,500 in pension payments and $19,600 of
social security payments. What amount must Bernie include in his gross income?
Multiple Choice
1. $192,500.
2. $202,300.
3. $209,160.
4. $212,100.
5. Zero.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe591f6c0-6afb-4c79-a5b2-176e142c2c76%2F90f646bb-0236-430e-b393-db5632216859%2F2ci0orh_processed.png&w=3840&q=75)
Transcribed Image Text:Bernie is a former executive who is retired. This year Bernie received $192,500 in pension payments and $19,600 of
social security payments. What amount must Bernie include in his gross income?
Multiple Choice
1. $192,500.
2. $202,300.
3. $209,160.
4. $212,100.
5. Zero.
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