Question
Dur ing 2022, Marvin had the following transactions. Marvin does NOT itemize his deductions. Salary $50,000 State income tax paid 1,000 Gifts to charity 500
Dur ing 2022, Marvin had the following transactions. Marvin does NOT itemize his deductions.
| Salary | $50,000 |
| State income tax paid | 1,000 |
| Gifts to charity | 500 |
| Roth IRA contribution | 3,000 |
| Gift received from aunt | 20,000 |
Marvins AGI is:
Group of answer choices
$41,000.
$50,000.
$48,500.
$47,000.
$70,000
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
5th Edition
0273622919, 978-0273622918
