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Determine Tonya adjusted gross income for the current year

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Reference no: EM132641167

Question - Tonya had the following items for last year:

Salary $40,000

Short-term capital gain 12,000

Nonbusiness bad debt (23,000)

Long-term capital gain 8,000

For the current year, Tonya had the following items:

Salary $45,000

Collection of last year's bad debt 23,000

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

Reference no: EM132641167

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