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During 2011, Devon had the following transactions: Salary: $50,000 Interest income on General Motors Corporation bonds: $1,000 Gift from parents: $40,000 Contribution to traditional IRA:
During 2011, Devon had the following transactions: Salary: $50,000 Interest income on General Motors Corporation bonds: $1,000 Gift from parents: $40,000 Contribution to traditional IRA: $2,000 Lottery winnings: $4,000 Devon's AGI is: (Points : 2) $55,000. $54,000. $53,000. $52,000. None of the above
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