During 2018, Marvin had the following transactions: Salary $50,000 Bank loan (proceeds used to buy personal auto) 10,000 Alimony paid (divorce was finalized in 2010). 12,000 Child support paid 6,000 Gift from aunt 20,000 Marvin's AGI is: a. $38,000. b. $32,000. c. $56,000. d. $44,000. e. $64,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “During 2018, Marvin had the following transactions: Salary $50,000 Bank loan (proceeds used to buy personal auto) 10,000 Alimony paid ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A risk manager needs to locate a full report of a patient's fall from his bed, including witness reports and probable reasons for the fall. she would most likely find this information in the
Answers (1)
On January 1, Year 1, Andrei's Design Inc., purchased equipment for $60,000. Residual value at the end of an estimated four-year service life is expected to be $10,000. The company expects the machine to operate for 20,000 hours.
Answers (1)
Jessica paid $350,000 for her house in 2010 and sold it six years later for $400,000. What function did the house serve during the time Jessica owned it? O medium of exchange O unit of exchange O unit of account store of value
No Answers
Regardless of a candidate's work experience, the prime source of jobs in general appears to be
Answers (1)
It is possible for an ancillary product to be both a consumer good and a business good. a. True b. False
Answers (1)
New Questions in Business
On October 6, 2018, the Elgin Corporation signed a purchase commitment to purchase inventory for $81,000 on or before March 31, 2019. The company's fiscal year-end is December 31.
Answers (1)
The manager of a large apartment complex knows from experience that 100 units will be occupied if the rent is 400 dollars per month.
Answers (1)
Frito-Lay produces more than 20 varieties of chips. Suppose a retail store offers to stock five of Frito-Lay chips products in each store across the country.
Answers (1)
Which would not be considered as capital by an economist? a crane used by a building contractor an automobile used by General Electric a share of corporate stock issued by General Motors a razor used by a barber
Answers (1)
An example of an institutional coi is: the organization gives scholarships to some post-doctoral researchers an industry sponsor pays for the construction of a new research laboratory at the organization one of the organization's deans is the
Answers (1)