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Sheena Maskell Sheena Maskell
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7 years ago
A taxpayer had the following income and losses in the current year:

Salary   $55,000
Sold AT&T stock at a loss   ( 5,000)
Lottery prize   4,500
Gambling winnings   8,000
Gambling losses   ( 5,000)

What is the taxpayer's adjusted gross income (not taxable income)?
A) $57,500
B) $59,500
C) $62,500
D) $64,500
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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Yoko900Yoko900
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Sheena M. Author
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#2
7 years ago
Thank you so much
wrote...
#3
3 years ago
Thanks
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