Question
In the current year (2021), Jensen had the following items: Salary $50,000 Inheritance 25,000 Alimony from ex-spouse paid pursuant to a 2021 divorce decree 12,000
In the current year (2021), Jensen had the following items:
| Salary | $50,000 |
| Inheritance | 25,000 |
| Alimony from ex-spouse paid pursuant to a 2021 divorce decree | 12,000 |
| Child support from ex-spouse | 9,000 |
| Capital loss on investment stock sale | (6,000) |
What is Jensens AGI for the current year?
$44,000
$72,000
$62,000
$47,000
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ACC 120 Wake Tech Financial Accounting W Connect Plus Access
Authors: J. David Spiceland
1st Edition
1308168926, 978-1308168920
