During 2017, Sarah Had the Following Transactions Sarah's AGI Is:
A)$185,000

question 49

Multiple Choice

During 2017, Sarah had the following transactions: $\begin{array}{lr}\text { Salary } & \$ 80,000 \\\text { Interest income on City of B altimore bonds } & 1,000 \\\text { Damages for personal injury (car accident) } & 100,000 \\\text { Punitive damages (same car accident) } & 200,000 \\\text { Cash dividends from Chevron Corporation stock } & 7,000\end{array}$ Sarah's AGI is:

• A)$185,000.
• B)$187,000.
• C)$285,000.
• D)$287,000.
• E)$387,000.

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Definitions:

Continental Army

The army raised by the American colonies during the American Revolutionary War with George Washington as its commanding general.

Military Power

The strength and capability of a country's armed forces to defend its interests and maintain national security.

Navy

A branch of a nation's armed forces designated for naval warfare, primarily responsible for naval and amphibious operations.

Enlistments

The act of signing up for duty in the armed forces voluntarily.