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During 2020, Shelley, age 55, had the following transactions: Salary $95,000 Interest income on Xerox bonds $1,300 Inheritance from uncle $65,000 Contribution to traditional IRA

During 2020, Shelley, age 55, had the following transactions:

  • Salary $95,000
  • Interest income on Xerox bonds $1,300
  • Inheritance from uncle $65,000
  • Contribution to traditional IRA $6,500
  • Capital losses $3,500
  • Interest on State of Maryland bonds $800

Shelley's AGI is:

Question 9 options:

$87,100

$89,800

$86,800

$90,600

$152,100

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