NIMS, Judge:
Respondent determined a deficiency of $12,268.89 in petitioners' Federal income tax for the year 1973. After concessions by petitioners, the issues remaining for decision are: (1) Whether a $25,000 payment to petitioner from the Town of Foxborough, Mass., in settlement of threatened litigation, is excludable from gross income; and (2) whether petitioners properly excluded $6,400 in wages from gross income.
FINDINGS OF FACT
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