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During 2015,Marvin Had the Following Transactions: Salary $50,000 Bank Loan

Question 107

Multiple Choice

During 2015,Marvin had the following transactions: Salary $50,000 Bank loan (proceeds used to buy personal auto) 10,000 Alimony paid 12,000 Child support paid 6,000 Gift from aunt 20,000 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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