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16 May, 00:44

Stan, a computer lab manager, earns a salary of $80,000 and receives $25,000 in dividends and interest during the year. In addition, he incurs a loss of $40,000 from an investment in a passive activity. His at-risk amount in the activity at the beginning of the year is $55,000. What is Stan's adjusted gross income for this year?

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  1. 16 May, 01:37
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    Stan's adjusted gross income for this year is $105,000

    Explanation:

    Stan, a computer lab manager earns;

    Salary = $80,000

    Dividend = $25,000

    Stan's adjusted gross income for this year = Salary + Dividend

    Stan's adjusted gross income for this year = $80,000 + $25,000

    Stan's adjusted gross income for this year = $105.000

    He isn't permitted to balance the detached misfortune against dynamic or portfolio pay

    Therefore, His Adjusted Gross Income is $105,000
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