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Susan's Gross income is 70,000 she has a $5000 Write-off of a worthless nonbusiness loan, she sells her car with an FMV of 12,000 for

Susan's Gross income is 70,000 she has a $5000 Write-off of a worthless nonbusiness loan, she sells her car with an FMV of 12,000 for 6,000. She then decides to make a contribution to the capital of an S corporation for $20000. What is Susan AGI?

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Fundamentals of Corporate Finance

Authors: Berk, DeMarzo, Harford

2nd edition

978-0132148238

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