Essay
Taylor had the following transactions for 2015: Salary $ 85,000 Moving expenses incurred to change jobs (12,000) Inheritance received from deceased uncle 300,000 Life insurance proceeds from policy on uncle's life (Taylor was named the beneficiary) 200,000 Cash prize from church raffle 3,000 Payment of church pledge (4,500) What is Taylor's AGI for 2015?
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$76,000.$85,000 (salary) + $3,000 (raffl...View Answer
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