Larry, a Calendar Year Cash Basis Taxpayer, Has the Following

question 3

Multiple Choice

Larry, a calendar year cash basis taxpayer, has the following transactions: Based on this information, Larry has:

• A)AGI of $46,500.
• B)AGI of $51,000.
• C)AGI of $60,000.
• D)Deduction for medical expenses of $0.
• E)None of the above.

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