In 2016,Cindy Had the Following Transactions

question 161

Multiple Choice

In 2016,Cindy had the following transactions:
Salary
$90,000
Short-term capital gain from a stock investment
4,000
Moving expense to change jobs
(11,000)
Received repayment of $20,000 loan she made to her sister in 2012 (includes no interest)
20,000
State income taxes
(5,000)
Cindy's AGI is:

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

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Definitions:

Chimpanzee

A species of great ape native to Africa, known for their intelligence and complex social behaviors, closely related to humans.

Animals

Multicellular eukaryotic organisms that are heterotrophic, typically mobile, and have diverse forms and methods of reproduction.

Protists

A diverse group of eukaryotic microorganisms, which are neither plants, animals, nor fungi, including algae, protozoa, and slime molds.

Bread Mold

A common type of fungus that grows on bread under suitable conditions, often used in scientific studies.