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During 2014, Esther Had the Following Transactions Esther's AGI Is

Question 63

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During 2014, Esther had the following transactions:
 Salary $70,000 Interest income on Xerox bonds 2,000 Inheritance from uncle 40,000 Contribution to traditional IRA 5,500 Capital losses 2,500\begin{array}{lr}\text { Salary } & \$ 70,000 \\\text { Interest income on Xerox bonds } & 2,000 \\\text { Inheritance from uncle } & 40,000 \\\text { Contribution to traditional IRA } & 5,500 \\\text { Capital losses } & 2,500\end{array}
Esther's AGI is:
 a. $62,000 b. $64,000 c. $67,000 d. $102,000 e. $104,000\begin{array}{l}\text { a. } \$ 62,000 \\\text { b. } \$ 64,000 \\\text { c. } \$ 67,000 \\\text { d. } \$ 102,000 \\\text { e. } \$ 104,000\end{array}

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