Renaldo, a single taxpayer, has income from his W-2 of $95,360. He also has a short-term capital

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Renaldo, a single taxpayer, has income from his W-2 of $95,360. He also has a short-term capital loss of $6,309, a short-term capital gain of $2,400, and a long-term capital gain of $3,656. What is Francisco’s AGI for 2021?

Multiple Choice

$92,719.
$95,107.
$95,360.

Related Book For answer-question

Fundamentals of Taxation 2015

ISBN: 9781259293092

8th edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Posted Date: Mar 09, 2022 01:35 PM

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Renaldo, a single taxpayer, has income from his W-2 of $95,360. He also has a short-term capital

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Expert Answer:

Franciscos Adjusted Gross Income is 95107 For tax purpose the AGI is essentially the gross inc... View the full answer

Fundamentals of Taxation 2015

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