Amount Receive Gift from father $10000 Alimony from ex spouse $5000 Salary $25000 Interest income on City
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Question:
Amount Receive
Gift from father $10000
Alimony from ex spouse $5000
Salary $25000
Interest income on City of Seal Beach bond $1000
Interest income from corporate bonds $500
Amount Spend
Moving Expense ( job related) $3000
Charitable contributions $2000
Interest expense on car loan $1000
Personal travel expense $500
Veteninary bills for pets $1800
Assume Sally was unmarried with no dependents. What is her GI for the year?
a.What is Sally's AGI
b.What is Sally's taxable income?
Expert Answer:
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