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In 2020, Weston had the following: Salary 60,000 Damages from personal physical injury (car accident) 20,000 Damages (punitive - same accident) 50,000 Life insurance proceeds
In 2020, Weston had the following:
Salary | 60,000 |
Damages from personal physical injury (car accident) | 20,000 |
Damages (punitive - same accident) | 50,000 |
Life insurance proceeds (his uncle died) | 100,000 |
Repayment of a loan made to his sister in the previous year | 20,000 |
Lottery prize | 10,000 |
Weston's AGI is:
A.) $140,000
B.) $70,000
C.) $170,000
D.) $120,000
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