Taylor Had the Following Transactions for 2016

question 178

Essay

Taylor had the following transactions for 2016:
Salary
$ 85,000
Moving expenses incurred to change jobs
(12,000)
Inheritance received from deceased uncle
300,000
Life insurance proceeds from policy on uncle's life (Taylor was named the beneficiary)
200,000
Cash prize from church raffle
3,000
Payment of church pledge
(4,500)
What is Taylor's AGI for 2016?

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Definitions:

Relaxation Training

Techniques and exercises designed to reduce stress and anxiety, promoting a state of calm.

Stress

A physical, mental, or emotional factor that causes bodily or mental tension.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome.

Chemical Anesthetics

Substances used to induce anesthesia, temporarily eliminating sensation, typically during surgical procedures.