Carl had the following transactions for 2012: Salary: $55,000 Damage award (compensatory) for city bus accident: $20,000
Question:
Salary: $55,000
Damage award (compensatory) for city bus accident: $20,000
Loss on sale of stock investment: $4,500
Loan from father to purchase auto: $10,000
Alimony paid to ex-wife: $11,000
What is Carl's AGI for 2012?
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AGI Salary Damage Award for ...View the full answer
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Related Book For 
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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