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Marsha Is Single,had Gross Income of $50,000,and Incurred the Following

Question 50

Multiple Choice

Marsha is single,had gross income of $50,000,and incurred the following expenses:
Charitable contribution
$2,000
Taxes and interest on home
7,000
Legal fees incurred in a tax dispute
1,000
Medical expenses
3,000
Penalty on early withdrawal of savings
250

Her AGI is:


A) $39,750
B) $49,750.
C) $40,000.
D) $39,750.
E) None of the above.

Correct Answer:

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