Solved

During 2019, Enrique Had the Following Transactions Enrique's AGI Is:
A)$62,000

Question 103

Multiple Choice

During 2019, Enrique had the following transactions:  Salary $70,000 Interest income on Xerox bonds 2,000 Inheritance from uncle 40,000 Contribution to traditional IRA 5,500 Capital losses 2,500\begin{array} { l r } \text { Salary } & \$ 70,000 \\\text { Interest income on Xerox bonds } & 2,000 \\\text { Inheritance from uncle } & 40,000 \\\text { Contribution to traditional IRA } & 5,500 \\\text { Capital losses } & 2,500\end{array} Enrique's AGI is:


A) $62,000.
B) $64,000.
C) $67,000.
D) $102,000.
E) $104,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions