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1. During 2020, Marvin had the following transactions: Salary Bank loan (proceeds used to buy personal auto) Alimony paid (divorce was finalized in 2010). Child
1. During 2020, Marvin had the following transactions: Salary Bank loan (proceeds used to buy personal auto) Alimony paid (divorce was finalized in 2010). Child support paid Gift from aunt Marvin's AGI is: a. $32,000 b. $ 38,000 c. $ 44,000 d. $ 56,000 e. $ 64,000 2. During 2020, Enrique had the following transactions: Salary Interest income on Xerox bonds Inheritance from uncle Contribution to traditional IRA Capital losses Enrique's AGI is: a. $ 62.000 b. $ 64,000 c. $ 67,000 d. $ 102,000 e. $ 104,000 $ 50,000 10,000 12,000 6,000 20,000 $ 70,000 2,000 40,000 5,500 2,500
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