Question
Quinn is single and has the following income and expected for 2020: Wage earned $50,000 Gift from Parents $20,000 Qualified dividends of $10,000 Interest from
Quinn is single and has the following income and expected for 2020:
Wage earned $50,000
Gift from Parents $20,000
Qualified dividends of $10,000
Interest from municipal bond for $8,000
Long-term loss on the sale of personal jewelers for $4,000
Roth IRA contribution for $5,500
Charitable contributions for $6,000
Calculate Quinn AGI?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
