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During 2019, Sandeep Had the Following Transactions Sandeep's AGI Is:
A)$185,000

Question 135

Multiple Choice

During 2019, Sandeep had the following transactions:  Salary $80,000 Interest income on City of Baltimore bonds 1,000 Damages for personal injury (car accident)  100,000 Punitive damages (same car accident)  200,000 Cash dividends from Chevron Corporation stock 7,000\begin{array} { l r } \text { Salary } & \$ 80,000 \\\text { Interest income on City of Baltimore bonds } & 1,000 \\\text { Damages for personal injury (car accident) } & 100,000 \\\text { Punitive damages (same car accident) } & 200,000 \\\text { Cash dividends from Chevron Corporation stock } & 7,000\end{array} Sandeep's AGI is:


A) $185,000.
B) $187,000.
C) $285,000.
D) $287,000.
E) $387,000.

Correct Answer:

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