Marsha is single,had gross income of $50,000,and incurred the following expenses: Charitable contribution $2,000
Taxes and interest on home 7,000
Legal fees incurred in a tax dispute 1,000
Medical expenses 3,000
Penalty on early withdrawal of savings 250
Her AGI is:
A) $39,750.
B) $49,750.
C) $40,000.
D) $39,750
E) None of these.
Correct Answer:
Verified
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