During 2010, Sylvia had the following transactions: Salary....................... $90,000 Capital loss from a stock investment ............ (4,000)

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During 2010, Sylvia had the following transactions:

Salary....................... $90,000

Capital loss from a stock investment ............ (4,000)

Moving expense to change jobs ............ (11,000)

Received repayment of $20,000 loan she made to

her brother in 2006 (includes interest of $2,000)...... 22,000

State income taxes..................... (5,000)

Sylvia's AGI is:

a. $73,000

b. $77,000

c. $78,000

d. $81,000

e. $89,000

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Question Posted: Jan 09, 2013 02:17 AM

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During 2010, Sylvia had the following transactions: Salary....................... $90,000 Capital loss from a stock investment ............ (4,000)

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c 78000 Computation of the Sylvias Annual Gross Income Sal...View the full answer

Income Tax Fundamentals 2013

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