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please answer all parts of this question, ty ped and show all work thanks parts 4 and 5 Robert had the following transactions for 2017
please answer all parts of this question, ty ped and show all work thanks parts 4 and 5
Robert had the following transactions for 2017 Salary Alimony paid Recovery from car accident $ 80,000 6,000 Personal injury damages Punitive damages 60,000 30,000 90,000 26,000 Gift from parents Property sales- Loss on sale of camper (used for pleasure and owned 3 years) Gain on sale of Conoco stock (held for 8 months as an investment)3,000 (S 2,000) ,000 What is Robert's AGI for 2017? Karen had the following transactions for 2017: Salary Moving expenses incurred to change jobs Inheritance received from deceased uncle Life insurance proceeds from policy on uncle's life (Karen was 90,000 8,000 300,000 200,000 named the beneficiary) Cash prize from church raffle Payment of church pledge 1,000 3,000 What is Karen's AGI for 2017? Robert had the following transactions for 2017 Salary Alimony paid Recovery from car accident $ 80,000 6,000 Personal injury damages Punitive damages 60,000 30,000 90,000 26,000 Gift from parents Property sales- Loss on sale of camper (used for pleasure and owned 3 years) Gain on sale of Conoco stock (held for 8 months as an investment)3,000 (S 2,000) ,000 What is Robert's AGI for 2017? Karen had the following transactions for 2017: Salary Moving expenses incurred to change jobs Inheritance received from deceased uncle Life insurance proceeds from policy on uncle's life (Karen was 90,000 8,000 300,000 200,000 named the beneficiary) Cash prize from church raffle Payment of church pledge 1,000 3,000 What is Karen's AGI for 2017Step by Step Solution
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