What is the adjusted Gross income?

  • Thread starter Thread starter SooooZ
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SooooZ

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Person 1
Salary $60,000
Interest income on General Electric Corp bonds $2,000
Gift from parents $24,000
Contribution to traditional IRA $4,000
Lottery winnings $3,000


Person 2
Salary $ 70,000
Interest income on City of NY bonds $500
Damages for personal injury (car accident) $100,000
Punitive damages (same car accident) $50,000
Cash dividends from General Motors Corp stock $4,000


any help?
 
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