Tonya had the following items for last year: Salary .............. 40,000 Short-term capital gain ....... 12,000 Non-business
Question:
Tonya had the following items for last year:
Salary .............. 40,000
Short-term capital gain ....... 12,000
Non-business bad debt ........ (10,000)
Long-term capital loss ........ (5,000)
For the current year, Tonya had the following items:
Salary .............. 45,000
Collection of last year bad debt .... 10,000
Determine Tonya's adjusted gross income for the current year.
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Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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