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Ashley Had the Following Transactions During 2019 What Is Ashley's AGI for 2019

Question 131

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Ashley had the following transactions during 2019:
Salary $90,000Interest income on bonds- Issued by City of Nashville $4,000Issued by Chevron Corporation 5,0009,000 Alimony received (divorce finalized in 2011)5,000Child support received (divorce finalized in 2011) 20,000City and state income taxes paid (5,000)Bank loan obtained to pay for car purchase 15,000\begin{array} { l } \text {Salary }&&\$90,000\\ \text {Interest income on bonds- }\\ \text {Issued by City of Nashville }&\$4,000\\ \text {Issued by Chevron Corporation }&5,000&9,000\\ \text { Alimony received (divorce finalized in 2011)}&&5,000\\ \text {Child support received (divorce finalized in 2011) }&&20,000\\ \text {City and state income taxes paid }&&(5,000)\\ \text {Bank loan obtained to pay for car purchase }&&15,000\\\end{array}

What is Ashley's AGI for 2019?

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$100,000 [$90,000 (salary) + $5,000 (int...

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