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Lori had the following income and losses during the current year: Wages $22,000 Share of partnership income 18,000 Unemployment compensation 12,000 Gambling winnings 2,000 Gambling
Lori had the following income and losses during the current year:
| Wages | $22,000 |
| Share of partnership income | 18,000 |
| Unemployment compensation | 12,000 |
| Gambling winnings | 2,000 |
| Gambling losses | ( 5,000) |
| Prize won from a charity raffle | 30,000 |
What is Lori's adjusted gross income?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
