Taylor, who works for a public accounting firm, had the following transactions for 2019: $\begin{array}{lr}
\text { Salary } & \$ 85,000 \
\text { Moving expenses incurred to change jobs } & (12,000) \
\text { Inheritance received from deceased uncle } & 300,000 \
\text { Life insurance proceeds from policy on uncle's life (Taylor was named the beneficiary) } & 200,000 \
\text { Cash prize from church raffle } & 3,000 \
\text { Payment of church pledge } & (4,500)
\end{array}$ What is Taylor's AGI for 2019?

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The Answer of Taylor, who works for a public accounting firm, had the following transactions for 2019: $\begin{array}{lr}
\text { Salary } & \$ 85,000 \
\text { Moving expenses incurred to change jobs } & (12,000) \
\text { Inheritance received from deceased uncle } & 300,000 \
\text { Life insurance proceeds from policy on uncle's life (Taylor was named the beneficiary) } & 200,000 \
\text { Cash prize from church raffle } & 3,000 \
\text { Payment of church pledge } & (4,500)
\end{array}$ What is Taylor's AGI for 2019?

Taylor, Who Works for a Public Accounting Firm, Had the Following