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How much taxable gross income is reported by Michael

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Question - Michael works for ABC Company, a computer manufacturer. Michael received the following items of compensation: $30,000 salary, $500 employee achievement award given to the employee with the best cost-cutting idea of the year, he was able to purchase a company-manufacturer computer which normally sells for $2,000 for only $500 (it costs the company $1,000 to build). How much taxable gross income is reported by Michael?

Reference no: EM132874384

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