Business, 16.04.2020 00:33 clairajogriggsk
Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots and $1.200 at poker. Also this year, Rhett made several trips to the racetrack, but he lost $700 on his various wagers. What amount must Rhett include in his gross income? Multiple Choice
a. 08 Zero - gambling winnings are not included in gross income
b. $1,450
c. $250
d. $750
d. $1,200
Answers: 2
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Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots and $1....
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