During 2010, Marvin had the following transactions: Salary ......................50,000 Bank loan (proceeds used to buy personal auto)

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During 2010, Marvin had the following transactions:

Salary ......................50,000

Bank loan (proceeds used to buy personal auto) .....10,000

Alimony paid .................. 6,000

Child support paid ................12,000

Gift from aunt ...................20,000

Marvin's AGI is:

a. $32,000

b. $38,000

c. $44,000

d. $56,000

e. $64,000

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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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Question Posted: Jan 09, 2013 02:17 AM

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During 2010, Marvin had the following transactions: Salary ......................50,000 Bank loan (proceeds used to buy personal auto)

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c 44000 Computation of the Marvin Annual Gross Income Salary 50000 Less Alimony ...View the full answer

Auditing a business risk appraoch

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