Ted Was Shopping for a New Automobile

question 26

Essay

Ted was shopping for a new automobile. He found one that met his needs and agreed to purchase it for $23,000. He had shopped around and concluded that he could not get a better price from another dealer. After he had paid for the automobile, the dealer called to notify Ted that he was entitled to a manufacturer's rebate of $1,500. The next week he received a $1,500 check from the manufacturer. How much should Ted include in gross income?

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Definitions:

Ileal Conduit

Most commonly used urinary diversion procedure.

Necrosis

The death of body tissue due to lack of blood supply, infections, toxins, or trauma, often resulting in tissue damage.

Stoma

An artificial opening in the abdominal wall; it may be permanent or temporary.

Nocturia

Increased frequency of urination at night that is not a result of increased fluid intake