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Question - Tonya had the following items for last year:

Salary $40,000

Short-term capital gain 12,000

Nonbusiness bad debt (10,000)

Long-term capital loss (5,000)

For the current year, Tonya had the following items:

Salary $45,000

Collection of last year bad debt 10,000

Determine Tonya's adjusted gross income for the current year.

Accounting Basics, Accounting

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  • Reference No.:- M92590185
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