Kim had the following transactions for 2012: Salary: ....................... $48,000 Damage award (compensatory) for city bus accident:
Question:
Salary: ....................... $48,000
Damage award (compensatory) for city bus accident: ...... $18,000
Loss on sale of stock investment: .............. $5,600
Loan from father to purchase auto: ............ $14,000
Alimony paid to ex-wife: ................ $8,000
What is Kim's AGI for 2012?
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Salary 48000 stock loss of 3000 alimony paid 8000 AG...View the full answer
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Related Book For 
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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