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Q.6 James, a NYC resident, had wages of $175,000.00 in 2018 and $150,000.00 in 2019. In 2018 he had interest income from a savings account

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Q.6 James, a NYC resident, had wages of $175,000.00 in 2018 and $150,000.00 in 2019. In 2018 he had interest income from a savings account of $1,500.00, interest income from the City of New York Mac Bonds of $3,500,00, and dividend income of $6,000.00. Additionally, on October 15, 2018, James sold 1,500 shares of JP Morgan stock for $15,500. The stock had an adjusted basis of $25,000.00, which he purchased on June 15, 2017. On March 15, 2019, James sold Citibank Stock for $35,500, which had an adjusted basis of $10,800. James had no other income 2018 or 2019. a) What is James AGI for 2018? b) What is James AGI for 2019

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