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Protected View. viruses. Unless you need to edit, its safer to stay in Enable Ed I 21. Lee had the following income and loss
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Option B) $71,500 is the currect

According to U.S. income tax system, adjusted gross income (AGI) is calculated by deducting specific deductions from total gross income of an individual. In given case only incomes have been provided, so we can calculate adjusted gross income (AGI) as follows-

Incomes Amount$
Wages $52,000
Share of partnership income $12,000
Unemployment compensation $6,500
Group life insurance* Exempt
Prize won from a charity raffle $1,000
Total adjusted gross income $71,500

* According to IRS code Section 79- $71,500 of life insurance coverage in Group life insurance is tax-free or exempt.

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