During 2020, Alissa had the following transactions: Salary $80,000 Interest income on savings account 3,000 Inheritance from aunt 30,000 Contribution to traditional IRA 6,000 Interest on student loans 1,500 Calculate Alissa's AGI. You do not need to include the dollar sign or cents

During 2020, Alissa had the following transactions: Salary $80,000 Interest income on savings account 3,000 Inheritance from aunt 30,000 Contribution to traditional IRA 6,000 Interest on student loans 1,500 Calculate Alissa's AGI. You do not need to include the dollar sign or cents

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money

Section: Chapter Questions

Problem 9.18E

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Question

During 2020, Alissa had the following transactions:
Salary
$80,000
Interest income on savings account
3,000
Inheritance from aunt
30,000
Contribution to traditional IRA
6,000
Interest on student loans
1,500
Calculate Alissa's AGI. You do not need to include the dollar sign or cents im

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