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What is the total AGI? During 2016, Gary receives a $50,000 salary and has no deductions for AGl. In 2015. Gary had a $5,000 STCL
What is the total AGI? During 2016, Gary receives a $50,000 salary and has no deductions for AGl. In 2015. Gary had a $5,000 STCL available and no other capital losses or capital gains. Consider the following sales. An automobile purchased in 2011 for $10, 800 and hold for personal use is sold tor $7,000. On April 10. 2016. stock hold for investment is sold for $21,000. The stock was acquired on November 20. 2015, for $9, 300. Determine Gary's AGl for 2016. (Assume that the 2015 STCL of $5,000 is before Gary has taken any capital loss deduction in 2015. Complete all answer boxes. Enter a *0* for any zero-balances.)
What is the total AGI?
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