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Problem 7-31 (c)(LO. 1, 2) Jacob and Joria are married and file a joint return. They have the following items for the current year: $345,000

Problem 7-31 (c)(LO. 1, 2) Jacob and Joria are married and file a joint return. They have the following items for the current year: $345,000 136,000 Salaries Loss on sale of $ 1244 stock acquired 15 years ago Gain on sale of $ 1244 stock acquired ten months ago Nonbusiness bad debt Business bad debt 44,000 12,000 23,000 Determine their AGI for the current year

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