In 2024, Dr. Duke DeKay presents the following information: Salary of $175,950 Interest from Federal treasury bonds of $287 Ordinary dividends of $669 (qualified dividends of $563) Contribution to a traditional IRA of $4,000 Net long-term capital loss of $6,112.

If there are no other relevant transactions, what is his adjusted gross income?

Answer rating: 100% (QA)

Dr Duke DeKays adjusted gross income AGI for 2024 can be calculated as follows 1 Salary 175950 This ... View the full answer