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QUESTION
(TCO I) Carl had the following transactions for 2010. Salary: $55,000 Damage award (compensatory) for city bus accident: $20,000 Loss on sale of...
. (TCO I) Carl had the following transactions for 2010.Salary: $55,000Damage award (compensatory) for city bus accident: $20,000Loss on sale of stock investment: $4,500Loan from father to purchase auto: $10,000Alimony paid to former wife: $11,000What is Carl's AGI for 2010? (Points : 17)
