Question 4 1 pts During 2017, Phil Rupp presents the following transactions: Forgiveness of a bank loan (which was used to purchase a personal car) of $15,000 Wages of $62,123 Contribution to a traditional IRA of $4,000 Pass-through income of $6,367 Dividend income earned of $899 Assuming Phil Rupp files as single with one valid dependent in 2017, his gross income is 69389 , while his adjusted gross income is 65389 Previous Next