During 2009 colin had the following transactionsbased on, Ask an Expert

Accounting

During 2009, Colin had the following transactions:

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

Based on the information given above, determine Colin's AGI.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972006

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