James, a NYC resident, had wages of $105,000.00 in 2016 and $112,500.00 in 2017. In...
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James, a NYC resident, had wages of $105,000.00 in 2016 and $112,500.00 in 2017. In 2016 he had interest income from a savings account of $975.00, interest income from the City of New York Mac Bonds of $1,200.00, and dividend income of $600.00. Additionally, on October 15, 2016, James sold 1,000 shares of JP Morgan stock for $7,850. The stock had an adjusted basis of $16,500.00, which he purchased on June 15, 2015. On March 15, 2017, James sold Citibank Stock for $7,500, which had an adjusted basis of $5,200. James had no other income 2016 or 2017.
What is James AGI for 2016? ____________________
What is James AGI for 2017? ____________________
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