Carl had the following transactions for 2012 what is carls, Ask an Expert

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Carl had the following transactions for 2012:

Salary: $55,000
Damage award (compensatory) for city bus accident: $20,000
Loss on sale of stock investment: $4,500
Loan from father to purchase auto: $10,000
Alimony paid to ex-wife: $11,000

What is Carl's AGI for 2012?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M949727

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