Ask Question
6 December, 13:33

During 2019, Enrique had the following transactions: Salary $70,000 Interest income on Xerox bonds 2,000 Inheritance from uncle 40,000 Contribution to traditional IRA 5,500 Capital losses 2,500

Esther's AGI is

a. $62,000.

b. S64.000.

+4
Answers (1)
  1. 6 December, 15:59
    0
    The correct answer is B

    Explanation:

    Calculation of AGI for 2019 -

    Salary Income $70,000

    Interest income on Xerox bonds $2,000

    Inheritance from uncle $ 40,000

    Deduction : Capital Loss ($2500)

    Contribution to traditional IRA ($5500)

    Inheritance from uncle ($40,000)

    Total = $64,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “During 2019, Enrique had the following transactions: Salary $70,000 Interest income on Xerox bonds 2,000 Inheritance from uncle 40,000 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers