Multiple Choice
Sammy,a calendar year cash basis taxpayer who is age 66,has the following transactions:
Salary from job
$90,000
Alimony received from ex-wife
10,000
Medical expenses
8,000
Based on this information,Sammy has:
A) AGI of $90,000.
B) AGI of $95,000.
C) AGI of $99,500.
D) Deduction for medical expenses of $0.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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