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In the current year Jensen had the following items:
What is Jensen’s AGI for the current year?
A. $44,000
B. $59,000
C. $62,000
D. $84,000
Correct Answer: B
Explanation/Reference: Explanation:
Choice "b" is correct. The question asks for AGI, but all of the items in the list are items of potential gross income. There are no adjustments included in the list; therefore, in this case, AGI is the same as gross income. The calculation is as follows:
Choices "a", "c", and "d" are incorrect, per the above calculation.
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