Adjusted gross income for the current year

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Reference no: EM13805763

Tonya had the following items for last year:

Salary $40,000

Short-term capital gains $12,000

Nonbusiness bad debt ($10,000)

Long-term capital loss ($8,000)

For the current year, Tonya had the following items:

Salary $45,000

Collection of last year’s bad debt $12,000

Determine Tonya's adjusted gross income for the current year.

Reference no: EM13805763

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