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During 2010, Justin had the following transactions: Salary - $80,000 Interest income on IBM bonds - 2,000 Damages for personal injury (car accident) - 200,000
During 2010, Justin had the following transactions: Salary - $80,000 Interest income on IBM bonds - 2,000 Damages for personal injury (car accident) - 200,000 Punitive damages (same car accident)- 100,000 Cash dividends from Chevron Corporation Stock - 5,000 Justin's AGI is: a. $185,000 b. $187,000 c. $285,000 d. $287,000 e. $385,000
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South Western Federal Taxation 2017 Comprehensive
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
40th Edition
