During 2014, Marvin had the following transactions:
$\begin{array}{lr}
\text { Salary } & \$ 50,000 \
\text { Bank loan (proceeds used to buy personal auto) } & 10,000 \
\text { Alimony paid } & 12,000 \
\text { Child support paid } & 6,000 \
\text { Gift from aunt } & 20,000
\end{array}$
Marvin's AGI is:
a. $ \$ 32,000 $
b. $ \$ 38,000 $.
c. $ \$ 44,000 $.
d. $ \$ 56,000 $.
e. $ \$ 64,000 $

Question

Quizplus · Accepted Answer

The Answer of During 2014, Marvin had the following transactions:
$\begin{array}{lr}
\text { Salary } & \$ 50,000 \
\text { Bank loan (proceeds used to buy personal auto) } & 10,000 \
\text { Alimony paid } & 12,000 \
\text { Child support paid } & 6,000 \
\text { Gift from aunt } & 20,000
\end{array}$
Marvin's AGI is:
a. $ \$ 32,000 $
b. $ \$ 38,000 $.
c. $ \$ 44,000 $.
d. $ \$ 56,000 $.
e. $ \$ 64,000 $

During 2014, Marvin Had the Following Transactions Marvin's AGI Is: A

During 2014, Marvin Had the Following Transactions Marvin's AGI Is:
A