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During 2019, Sam had the following transactions: Salary $100,000 Interest income on General...

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Question

Accounting

During 2019, Sam had the following transactions:

Salary

$100,000

Interest income on General Electric Corporation bonds

1,000

Gift from parents

25,000

Alimony paid (Assume divorce finalized November 1, 2018)

5,000

Lottery winnings

3,000

Sams AGI is

Group of answer choices

134,000

99,000

109,000

108,000

Answer & Explanation Solved by verified expert
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