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In 2016,Cindy Had the Following Transactions

Question 161

Multiple Choice

In 2016,Cindy had the following transactions:
Salary
$90,000
Short-term capital gain from a stock investment
4,000
Moving expense to change jobs
(11,000)
Received repayment of $20,000 loan she made to her sister in 2012 (includes no interest)
20,000
State income taxes
(5,000)
Cindy's AGI is:


A) $114,000.
B) $103,000.
C) $98,000.
D) $94,000.
E) $83,000.

Correct Answer:

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