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During 2014,Esther Had the Following Transactions A) $62,000.\$ 62,000 . B)  $64.000. \text { \$64.000. }

Question 79

Multiple Choice

During 2014,Esther had the following transactions:
 Salary $70,000 Interest income on Xerox bonds 2,000 Inheritance from uncle 40,000 Contribution to traditional IRA 5,500 Capital losses 2,500 Esther’s AGI is: \begin{array}{lr}\text { Salary } & \$ 70,000 \\\text { Interest income on Xerox bonds } & 2,000 \\\text { Inheritance from uncle } & 40,000 \\\text { Contribution to traditional IRA } & 5,500 \\\text { Capital losses } & 2,500\\\text { Esther's } A G I \text { is: }\end{array}


A) $62,000.\$ 62,000 .
B)  $64.000. \text { \$64.000. }
C) $67,000.\$ 67,000 .
D) $102,000\$ 102,000
E) $104.000. \text {\$104.000. }

Correct Answer:

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