In 2019, Nai-Yu Had the Following Transactions Nai-Yu's AGI Is:
A)$114,000

question 132

Multiple Choice

In 2019, Nai-Yu had the following transactions: $$\begin{array} { l r } \text { Salary } & \$ 90,000 \\\text { Short-term capital gain from a stock investment } & 4,000 \\\text { Moving expense to change jobs } & ( 11,000 ) \\\text { Receipt of repayment of } \$ 20,000 \text { loan she made to her sister in 2014 (includes no interest) } & 20,000 \\\text { State income taxes } & ( 5,000 ) \end{array}$$ Nai-Yu's AGI is:

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

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Definitions:

Classified Balance Sheet

A balance sheet that contains standard classifications or sections.

Personal Cash

Refers to the liquid assets that an individual holds for the purpose of immediate or near-term spending or investment.

Accounts Receivable

Receivables from customers against goods or services supplied by a business, pending payment.

Capital Statement

A financial statement that illustrates changes in a company's equity over a certain period, including investments, withdrawals, and net income or loss.