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During 2019, Marvin Had the Following Transactions Marvin's AGI Is:
A)$32,000

Question 56

Multiple Choice

During 2019, Marvin had the following transactions:  Salary $50,000 Bank loan (proceeds used to buy personal auto)  10,000 Alimony paid (divorce was finalized in 2010) . 12,000 Child support paid 6,000 Gift from aunt 20,000\begin{array} { l r } \text { Salary } & \$ 50,000 \\\text { Bank loan (proceeds used to buy personal auto) } & 10,000 \\\text { Alimony paid (divorce was finalized in 2010) . } & 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.

Correct Answer:

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