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During 2020, Rose had the following transactions: Salary $83,000 Bank loan (proceeds used to buy personal auto) 15,000 Life insurance proceeds paid on the death
During 2020, Rose had the following transactions: Salary $83,000 Bank loan (proceeds used to buy personal auto) 15,000 Life insurance proceeds paid on the death of her uncle (She was the designated beneficiary 30,000 under the policy.) 3,500 Alimony paid to ex-husband (divorce occurred in 2019) 4,000 Child support paid to ex-husband 5,000 Contribution to traditional IRA Rose's AGI is: $83,000. $78,000 O $74,500. None of the above
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