In 2017, Cindy Had the Following Transactions Cindy's AGI Is:
A)$114,000

question 5

Multiple Choice

In 2017, Cindy had the following transactions: $\begin{array}{lr}\text { Salary } & \$ 90,000 \\\text { Short-term capital gain from a stock investment } & 4,000 \\\text { Moving expense to change jobs } & (11,000) \\\text { Received repayment of } \$ 20,000 \text { loan she made to her sister in } 2013 \text { (includes no interest) } & 20,000 \\\text { State income taxes } & (5,000) \end{array}$ Cindy's AGI is:

• A)$114,000.
• B)$103,000.
• C)$98,000.
• D)$94,000.
• E)$83,000.

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Definitions:

Variable Costs

Expenditures that shift in accordance with the scale of output or level of production activities.

Total Revenue

The income that a company generates from its business activities, typically from the sale of goods and services before any expenses are deducted.

Break-Even Point

The juncture where a company's overall expenses match its total income, leading to neither a profit nor a loss.

Shutdown Point

The level of business operations where a company cannot cover its variable costs by producing, leading to a pause or cessation of production.