In 2009 walter had the following transactions salary 70000, Ask an Expert

Accounting

In 2009, Walter had the following transactions:
Salary $70,000
Interest income on city of denver bonds $500
Damages for personal injury (car accident) $100,000
Punative damages (same car accident) $50,000
Cash Dividends from General Motors Corp. stock $4,000
Based on the information given above, determine Walter's AGI.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947929

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