John, CPA, maintains a household in which he and his dependent child live. John’s wife who he is still legally married to disappeared in 2017 with someone more interesting or another CPA with more money. He has not seen or communicated with her since March of that year. During 2019, John had the following transactions: Salary $50,000 Worker Compensation 5,000 Interest income on US Government Bonds 4,000 Capital Loss 4,000 . What will be John’s AGI in 2019?

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Computation of Adjusted Gross Income of John in 2019 P... View the full answer