In 20X0, David had the following transactions.
In 20X0, David had the following transactions.
style=”color:rgb(5,5,5);”>Salary: $75,000
Capital loss from a stock investment: ($6,000)
Moving expense to change jobs: ($12,500)
Received repayment of $9,000 loan he made to a friend in 2007 (also interest of $900): $9,900
Property taxes on personal residence: $1,500
Based on the information given above, determine David’s AGI. Be sure to show your work.
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