In 2020, Tim, a single taxpayer, has ordinary income of $30,000. In addition, he has $2,000 in short- term capital gains, long-term capital losses of $10,000, and long-term capital gains of $4,000. What is Tim's AGI for 2020? Group of answer choices $26,000 $32,000 $27,000 $30,000

In 2020, Tim, a single taxpayer, has ordinary income of $30,000. In addition, he has $2,000 in short- term capital gains, long-term capital losses of $10,000, and long-term capital gains of $4,000. What is Tim's AGI for 2020? Group of answer choices $26,000 $32,000 $27,000 $30,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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