Alice is an attorney and earned 175000 from her practice in


Question - Alice is an attorney and earned 175,000 from her practice in the current year alice also owns three passive activities the activities had the following income and losses:

PARTNERSHIP A 40,000

PARTNERSHIP B 32,000

PARTNERSHIP C 24,000

What Alice's adjusted gross income for the current year?

a-119,000

b-159,000

c-175,000

d-215,000

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Accounting Basics: Alice is an attorney and earned 175000 from her practice in
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