During 2014, Marvin Had the Following Transactions Marvin's AGI Is:
A

Short Answer

During 2014, Marvin had the following transactions:
$\begin{array}{lr}\text { Salary } & \$ 50,000 \\\text { Bank loan (proceeds used to buy personal auto) } & 10,000 \\\text { Alimony paid } & 12,000 \\\text { Child support paid } & 6,000 \\\text { Gift from aunt } & 20,000\end{array}$
Marvin's AGI is:
a. $\$ 32,000$
b. $\$ 38,000$ .
c. $\$ 44,000$ .
d. $\$ 56,000$ .
e. $\$ 64,000$