Solved

What Is Cheryl's AGI If She Has a Taxable Salary

Question 62

Multiple Choice

What is Cheryl's AGI if she has a taxable salary of $34,000, receives $6,000 of alimony (from a divorce agreement executed in 2017) and $600 of interest on her various savings accounts, contributes $3,000 to her traditional IRA, and paid a $100 penalty for cashing in her Certificates of Deposit early?


A) $40,000
B) $39,600
C) $37,500
D) $36,900

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents