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Karl works at Moe's grocery. This year Karl was paid $35,000 in salary but he was allowed to purchase his groceries at 20% below Moe's cost. This year Karl spent $2,720 to purchase groceries costing Moe $3,400 and worth $5,100. What amount must Karl include in his gross income?

Multiple Choice

  • $37,720.
  • $38,400.
  • $40,100.
  • $37,500.
  • $35,680.

 

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