During 2017, Esther Had the Following Transactions Esther's AGI Is:
A)$62,000

question 81

Multiple Choice

During 2017, Esther had the following transactions: $$\begin{array} { l r } \text { Salary } & \$ 70,000 \\\text { Interest income on Xerox bonds } & 2,000 \\\text { Inheritance from uncle } & 40,000 \\\text { Contribution to traditional IRA } & 5,500 \\\text { Capital losses } & 2,500\end{array}$$ Esther's AGI is:

• A)$62,000.
• B)$64,000.
• C)$67,000.
• D)$102,000.
• E)$104,000.

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Definitions:

Check Register

A record book or electronic document used to track checks written, deposits made, and current balances in a checking account.

Outstanding Check

A check that has been written and issued but not yet cashed or cleared by the bank.

Service Charge

A charge imposed to cover expenses associated with the main product or service being acquired.

Adjusted Cash Balance

The cash amount shown on a company's books after adjustments have been made for checks written or deposits in transit.