What is Lori's adjusted gross income?
Lori had the following income and losses during the current year:
A) $72,000
B) $79,000
C) $82,000
D) $84,000
D) $84,000
Gambling losses, to the extent of gambling winnings, are deductible as itemized deductions and do not affect AGI. $22,000 + $18,000 + $12,000 + $2,000 + $30,000 = $84,000.
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