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Larry,a Calendar Year Cash Basis Taxpayer,has the Following Transactions

Question 76

Multiple Choice

Larry,a calendar year cash basis taxpayer,has the following transactions: Based on this information,Larry has:

A) AGI of $46,500.
B) AGI of $51,000.
C) AGI of $60,000.
D) Deduction for medical expenses of $0.
E) None of the above.

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