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Sammy, a Calendar Year Cash Basis Taxpayer Who Is Age

Question 3

Multiple Choice

Sammy, a calendar year cash basis taxpayer who is age 66, has the following transactions in 2018: Sammy, a calendar year cash basis taxpayer who is age 66, has the following transactions in 2018: 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.
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:

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