Lamar, a single taxpayer, has wage income of $96,452. In addition, there is also $6,250 in long-term

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Lamar, a single taxpayer, has wage income of $96,452. In addition, there is also $6,250 in long-term capital losses, $5,000 in long-term capital gains, and $5,960 in short-term capital gains. What is Lamar's AGI?

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Posted Date: Apr 08, 2024 08:12 AM

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Lamar, a single taxpayer, has wage income of $96,452. In addition, there is also $6,250 in long-term

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To calculate Lamars Adjusted Gross Income AGI youll need to follow these steps 1 Calculate Tot... View the full answer

Income Tax Fundamentals 2019

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