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Karen had the following transactions for 2014: Salary $ 90,000 Moving expenses incurred to change jobs $8,000 Inheritance received from deceased uncle $300,000 Life insurance
Karen had the following transactions for 2014: Salary $ 90,000 Moving expenses incurred to change jobs $8,000 Inheritance received from deceased uncle $300,000 Life insurance proceeds from policy on uncle's life (Karen was named the beneficiary) $200,000 Cash prize from church raffle $1,000 Payment of church pledge $3,000 What is Karen's AGI for 2014? (Points : 20)
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