Tonya had the following items for last year: Salary .............. 40,000 Short-term capital gain ....... 12,000 Non-business

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Tonya had the following items for last year:

Salary .............. 40,000

Short-term capital gain ....... 12,000

Non-business bad debt ........ (10,000)

Long-term capital loss ........ (5,000)

For the current year, Tonya had the following items:

Salary .............. 45,000

Collection of last year bad debt .... 10,000

Determine Tonya's adjusted gross income for the current year.

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 08, 2013 05:37 AM

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Tonya had the following items for last year: Salary .............. 40,000 Short-term capital gain ....... 12,000 Non-business

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Taxation Of Individuals And Business Entities 2015

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