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Aurora had the following cash inflows during the current taxable year: 1. Wages: $45,000 2. Loan Proceeds: $2,000 3. Child Support: $5,000 4. Stock Sale
Aurora had the following cash inflows during the current taxable year: 1. Wages: $45,000 2. Loan Proceeds: $2,000 3. Child Support: $5,000 4. Stock Sale Proceeds: $3,000 5. U.S. Government Bond Interest: $1,000 What is her gross income for income tax purposes if her adjusted tax basis i the stock was $2,000? a. $45,000. b. $47,000 C. $49,000. d. $51,000
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