Emily Had the Following Transactions During 2016

question 122

Essay

Emily had the following transactions during 2016:
Salary
$90,000
Interest income on bonds-
Issued by City of Nashville
$4,000
Issued by Chevron Corporation
5,000
9,000
Alimony received
5,000
Child support received
20,000
City and state income taxes paid
(5,000)
Bank loan obtained to pay for car purchase
15,000
What is Emily's AGI for 2016?

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Definitions:

Electronegativity

Electronegativity is a chemical property that describes the tendency of an atom to attract electrons towards itself in a chemical bond.

Valence Bond Theory

A theory that explains how electrons are shared between atoms to form chemical bonds, focusing on the concept of hybridization of atomic orbitals.

Orbitals

Mathematical functions describing the regions around an atom where electrons are most likely to be found.

Electrons

Subatomic particles with a negative electric charge, found in all atoms, responsible for chemical bonding and carrying electric current in conductors.