Ashley had the following financial items during 2020: Salary $90,000 Interest income on bonds- Issued by...

 

Transcribed Image Text:

Ashley had the following financial items during 2020: Salary $90,000 Interest income on bonds- Issued by City of Nashville $4,000 Issued by Chevron Corporation 5,000 Alimony received (divorce finalized in 2017)-25,000 Child support received (divorce finalized in 2017)-20,000 State income taxes paid-(5.000) Inheritance from grandmother-50,000 What is Ashley's Adjusted Gross Income (AGI) for 20207 $120,000 $119,000 $165.000 $140,000 Ashley had the following financial items during 2020: Salary $90,000 Interest income on bonds- Issued by City of Nashville $4,000 Issued by Chevron Corporation 5,000 Alimony received (divorce finalized in 2017)-25,000 Child support received (divorce finalized in 2017)-20,000 State income taxes paid-(5.000) Inheritance from grandmother-50,000 What is Ashley's Adjusted Gross Income (AGI) for 20207 $120,000 $119,000 $165.000 $140,000