Edgar Had the Following Transactions for 2017 What Is Edgar's AGI for 2017

question 128

Essay

Edgar had the following transactions for 2017: $\begin{array}{llr} \text { Salary } &&\$80,000\\ \text { Alimony paid } &&(4,000)\\ \text { Recovery from car accident-} &\\ \text { Personal injury damages } &\$40,000\\ \text { Punitive damages} &\underline{70,000}&110,000\\ \text { Gift from parents } &&20,000\\ \text { Property sales-} &\\ \text { Loss on sale of boat (used for pleasure and owned 4 years) } &(\$4,000)\\ \text {Gain on sale of ADM stock (held for 10 months as an investment) } &\underline{4,000}&(-0-)\\\end{array}$
What is Edgar's AGI for 2017?

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Definitions:

Social Order

The set of rules, norms, and standards that exist within a society to maintain stability and organization among its members.

Eradicate

To completely destroy or eliminate something, often used in the context of eradicating diseases or harmful practices.

Tribal Leaders

Individuals recognized for their authority, leadership, and influence within tribal societies, often responsible for decision-making and guidance.

Enforce Authority

The act of implementing or ensuring compliance with laws, rules, or decisions by those in power.