During 2019, Enrique Had the Following Transactions Enrique's AGI Is:
A) $62,000

During 2019, Enrique had the following transactions: $\begin{array}{lr}\text { Salary } & \$ 70,000 \\\text { Interest income on Xerox bonds } & 2,000 \\\text { Inheritance from uncle } & 40,000 \\\text { Contribution to traditional IRA } & 5,500 \\\text { Capital losses } & 2,500\end{array}$ Enrique's AGI is:

A) $62,000.
B) $64,000.
C) $67,000.
D) $102,000.
E) $104,000.

Correct Answer:

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