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Fatima had the following income and losses during the current year: Wages $30,000 Share of partnership income 10,000 Unemployment compensation 8,000 Group life insurance 40,000
Fatima had the following income and losses during the current year: Wages $30,000 Share of partnership income 10,000 Unemployment compensation 8,000 Group life insurance 40,000 Prize won from a charity raffle 10,000 2,000 What is Fatimas adjusted gross income? A) $30,000 B) $40,000 C) $50,000 D) $90,000
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